Across
- 3. Extra/additional costs or benefits of a decision
- 5. Physical and mental efforts people use to create goods and services
- 6. Combining economic resources to make a good or service available to consumers
- 10. Fines or punishments are ___
- 13. Exchanging one thing for another
- 15. The study of individual consumers and businesses
- 16. economy Economy that relies on on voluntary trade as the primary means and coordinating production
- 18. Loss made from making a choice
- 19. cost Highest valued alternative given up as a result of making a choice
- 20. Using a product/service to complete your want-satisfaction chain
- 21. When there isn't enough of something to satisfy the demands for it
- 22. Getting a product or service to consumers
Down
- 1. The study of the economy as a whole
- 2. The buildings,tools,and machines created to produce final goods and services are __ resources
- 4. Positive rewards from making good choices or behaving well
- 7. The imagination, innovative thinking, and management skills needed to start and operate a business
- 8. Gain made from making a choice
- 9. soil, minerals, timber, and freshwater
- 11. Arrangement that allows buyers and sellers to make exchanges
- 12. When Total sales are greater than total costs
- 14. of production Land, labor, and capital resources are the ___
- 17. Study of how people/businesses use scarce resources to satisfy their needs