Economic Puzzle

5. studies how people distribute or divide their limited resources in order to satisfy their unlimited wants.
7. refers to all natural resources or any raw materials coming from the ground that is used to produce supply.
8. is that these are the things that we can’t live without.
12. refers to the aggregate or the totality of the needs and wants of the customers.
13. is a branch of economics that is concerned with the decision-making done by smaller economic units such as individuals or consumers, firms and industries.
14. on the other hand is the work done by people or human resources.
15. refers to the total number of goods or services available for sale.

1. the total amount of demand for all finished goods and services produced in an economy.
2. Cost, is the highest- valued alternative that must be sacrificed in order to get something else.
3. are those that we can live without. Examples of wants are jewelries and luxuries.
4. Economics, is the application of the principles of supply, demand, trade-offs, opportunity-costs, and other economic theories to solve real-world problems.
6. on the other hand is the study of the large economy as a whole or the aggregate economy.
9. is the condition in which our needs and wants are greater than our limited resources.
10. consist of all the options that we give up when we make a choice.
11. does not only mean money as this can be in the form of man-made tools or objects that may be used to produce supplies.