Across
- 2. human resources used in production.
- 4. man-made resources used in production of other goods and services.
- 6. study of society and how people behave collectively and influence around the world
- 7. exists when the available supply of a good is not enough to meet its demand.
- 10. value of the best foregone alternatives.
- 12. concerned about behavior of individual entities in the economy.
- 14. decisions are based on traditions and practices
- 15. condition of resource insufficiency to satisfy all the needs and wants.
Down
- 1. deals with overall performance of national and international economies.
- 3. workings of market demand and supply determine what goods and services to be produced.
- 5. state of being extremely poor
- 8. people are willing and able to work but cannot find jobs.
- 9. application of economic theory and quantitative tools.
- 11. market value of final products produced by the resources of the economy in a given period.
- 13. deals with how to allocate scarce resources to satisfy man's unlimited needs and wants.