Across
- 2. resources required to produce the things we would like to have
- 6. The study of how people satisfy their wants
- 11. when goods are used to produce other goods
- 13. cost of the next best alternative use of money, time, or resources
- 14. natural resources not created by humans
- 15. tools, equipment, machinery, and factories used in production
- 16. people with all their efforts, abilities, and skills
Down
- 1. the process of creating goods and services
- 3. worth that can be expressed in dollars and cents
- 4. money used to buy tools and equipment
- 5. intended for final use by individuals
- 7. When society doesn't have enough resources to satisfy wants and needs
- 8. measure of the amount of output produced by a given about of inputs
- 9. occurs when a nation's total output of goods and services increases over time
- 10. work that is preformed for someone
- 12. alternative choices