Across
- 4. process of getting a product to consumers.
- 6. using scarce resources to satisfy your wants.
- 8. economy that relies on voluntary trade.
- 10. profit or gain.
- 13. exchanging something for something else.
- 15. study of individual consumers and business.
- 17. combines economic resources so results good.
- 18. fines or punishment.
- 19. positive difference between total sales and total costs.
- 20. using a product or service.
- 21. extra or additional costs.
- 22. buildings, tools, machines.
Down
- 1. study of the economy as a whole.
- 2. positive rewards.
- 3. physical and mental efforts people use to create goods and services.
- 5. an inequality exists between wants and resources.
- 7. highest valued alternative given as result of making a choice.
- 9. arrangement that allows buyers and sellers to make an exchange.
- 11. soils, minerals, fresh water.
- 12. charge or loss.
- 14. skills need to start and operate a business.
- 16. common name for land, labor, and capital resources.