Across
- 5. the exchange of something for something else
- 6. study of an economy as a whole
- 9. process of getting a product to a consumer
- 10. the land,labor,and capital
- 11. study of how people use scarce resources
- 14. things used to create the final product
- 16. the use of a product
- 17. extra of additional cost
- 19. natural resources
- 20. economy that relies on voluntary trade
- 21. the management and innovative skills needed to start a business
- 22. an arrangement that allows buyers and sellers to make exchanges
Down
- 1. the gains
- 2. the losses
- 3. human resources
- 4. positive difference between total sales and total cost
- 7. highest valued alternative given up as a result of a choice
- 8. study of individuals or businesses
- 12. the fines or punishments
- 13. process that combines economic resources
- 15. the inequality of the resources compared to the wants
- 18. the possessive rewards for making a choice