Across
- 5. Something like air, food, or shelter that is necessary for survival
- 6. Any human-made resource that is used to create other goods or services
- 7. A situation in which a good or service is unavailable
- 9. The most desirable alternative given up as the result of a decision
- 10. An arrangement that allows buyers and sellers to exchange things
- 12. Anything that serves as a medium of exchange, a unit of account, and a store of value
- 13. The process used to produce a good or services
- 15. The effort that people devote to a task for which they are paid
Down
- 1. The financial gain made in a transaction
- 2. Limited quantities of resources to meet unlimited wants
- 3. Actions or activities one person performs for another
- 4. An item that we desire but is not essential to survival
- 8. An ambitious leader who combines land, labor, and resources to create and market new goods or services
- 11. The study of how people seek to satisfy their needs and wants by making choices
- 14. Physical objects such as clothes or shoes