Economics Crossword

2. the loss of potential gain from other alternatives when one alternative is chosen
3. something essential for survival
7. all natural resources used to produce goods and services
8. measurement of the benefit derived from a good or service to an individual or a company
13. the natural, human, and capital re- sources used to make goods and services
16. Risk taking involved in starting a new business or introducing a new product
17. Usefulness to a person

1. a line on a production possibilities curve that shows the maximum possible output an economy can produce
4. the principle that limited amounts of goods and services are available to meet high demands
5. something people desire that is non-essential
6. the effort people devote to tasks for which they are paid
9. payment or concession to stimulate greater output or investment
10. the act of giving up one benefit in order to gain another, greater benefit
11. the physical objects that someone produces
12. accumulation of valuable economic resources that can be measured in terms of either real goods or money value
14. the actions or activities that one person performs for another
15. Previously manufactured goods used to make another goods and services