economics

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Across
  1. 2. amount invested by the owner
  2. 3. anything that motivates a person to do something.
  3. 5. a system that combines aspects of both capitalism and socialism
  4. 7. a service or other asset used to produce goods and services that meet human needs and wants
  5. 8. a quantity of good or services produced in a specific time period
  6. 11. the resource that encompasses the natural resources used in production
  7. 12. something needed to survive
  8. 14. the change in total production cost that comes from making or producing another unit of a product
  9. 15. the value of the next best alternative when a decision is made
  10. 17. a ratio between the output volume and the volume of inputs
  11. 18. the maximum amount of money a consumer is willing to pay
  12. 19. raw materials occurring in nature that can be used for economic production
  13. 20. rules that limit who can enter a business
Down
  1. 1. an economic system where two forces known as supply and demand direct the production of goods and services
  2. 4. the amount of physical effort used to produce goods and services
  3. 6. anything that motivates a person
  4. 7. imposition of rules by government
  5. 9. a system of production-distribution of goods
  6. 10. to the distribution of existing resources
  7. 13. an increase in the production of economic goods and services
  8. 16. the excess over the returns to capital,land,and labour