Across
- 2. the process of discovering new ways of combining resources
- 6. physical assets that a company uses in the production process
- 8. a resource, such as sunlight or air, which is so abundant that its availability is not a constraint on economic activity.
- 9. an economic system in which prices are determined by unrestricted competition between privately owned businesses
Down
- 1. the loss of other alternatives when one alternative is chosen
- 3. the proportion of a loan that is charged to the borrower
- 4. the part of economics concerned with single factors and the effects of individual decisions
- 5. work done by human beings
- 7. the rate of increase in prices over a given period of time