Econ Unit 1- definitions

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Across
  1. 2. benefits/ the satisfaction from consuming the products they buy
  2. 4. they show the maximum combined output of two or more products a firm or an entire economy can produce with its available resources
  3. 5. they are limited organic materials as well as inputs
  4. 8. what for humans in unlimited
  5. 9. Organization in which entrepreneurs combine resources to produce goods and services
  6. 10. a person who purchases goods and services for personal use.
Down
  1. 1. man made resources
  2. 3. it can be land,capital or labour
  3. 6. its the study of how to allocate limited resources
  4. 7. cost/ the private costs + external costs