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