Across
- 2. A factor of production
- 4. Something that someone has to have to survive.
- 6. A permanent change to a supply and how much there is.
- 8. A thing that people can use for free.
- 10. Potential profit from a missed opportunity
- 13. A temporary change to a supply and how much there is.
- 14. A factor of production
- 15. What is the definition of an entrepreneur?
- 16. Something that someone can trade money for to have.
Down
- 1. Using fewer resources than an economy is capable of using. importance.
- 3. An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.
- 5. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
- 7. A person who undertakes the risk of starting a new business venture
- 9. A factor of production
- 11. When you choose one thing which causes you to have to give up, or sacrifice, another.
- 12. Something that someone desires.
- 15. Every resource is optimally allocated to serve each person in the best way while minimizing waste