Across
- 3. - refers to buildings, machines, and tools used in production
- 4. - a person who organizes the factors of production
- 7. - the value of the next best alternative foregone
- 8. - human effort exerted in the production process
- 10. - anything that comes from nature and gives life
- 12. - the study of behavior of entire economies
Down
- 1. - the economic term for limited resources
- 2. - a field that examines household and individual choices
- 5. - refers to items that are essential for survival
- 6. - the study of efficient allocation of scarce resources
- 9. - known as the "Father of Modern Economics"
- 11. - the desire for goods that are not essential for survival