Across
- 2. cost the loss of potential gain from other alternatives when one alternative is chosen.
- 4. the study of the labor force as an element in the process of production
- 5. a balance achieved between two desirable but incompatible features; a compromise
- 8. financial motivations for people to take certain actions
- 9. cash or liquid assets being held or obtained for expenditures
- 11. something that is desired
- 12. the process of discovering new ways of combining resources
Down
- 1. the gap between limited resources and limitless wants
- 3. Possibilities Frontier a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology.
- 6. of Production Land, Labor,Capital, entrepreneurship
- 7. essential to human survival
- 10. the resource that encompasses the natural resources used in production