Economic Crossword

4. / The study of how people seek to satisfy their needs and wants by making choices.
5. / Natural resources that are used to make goods and services.
6. / The effort that people devote to a task for which they are paid.
8. Of Production / Land, Labor, and capital; the three groups of resources that are used to make all goods and services.
10. / The study of the economic behavior and decision making of small units, such as individuals, families, and businesses.
12. / Ambitious leader who combines land, labor, and capital to create and market new goods or services.
13. Cost / The most desirable alternative given up as the result of a decision.

1. Capital / All human-made goods that are used to produce other goods and services; tools and buildings.
2. Capital / The skills and knowledge gained by worker through education and experience.
3. / Using fewer resources than an economy is capable of using.
7. / A situation in which a good service is unavailable, or a situation in which the quantity demanded is greater than the quantity supplied, also known as excess demand.
9. / limited quantities of resources to meet unlimited wants.
10. / The study of the behavior and decision making of entire economics.
11. / Any human-made resource that is used to create other goods or services.