Across
- 1. the tools, equipment, machinery, and factories used in the production of goods and services
- 3. people with all their efforts, abilities, and skills
- 7. land, labor, capital, entrepreneurship
- 8. The "gifts of nature," or natural resources, that we use to produce goods and services.
- 10. A person who starts up and takes on the risk of a business
Down
- 2. Alternatives that must be given up when one is chosen rather than another
- 4. diagram representing all possible combinations of goods an economy can produce when all productive resources are fully employed
- 5. the protection or promotion of the interests of consumers.
- 6. Cost of the next best alternative use of money, time, or resources when one choice is made rather than another
- 9. changed
