Across
- 4. is an arrangement that allows buyers and sellers to make exchanges
- 6. is a process that combines economic resources so that the result is a good or service that is available for sale
- 8. means that an equal inequality exist between wants and the resources available to satisfy them
- 9. cost is the highest valued alternative given up as a result of making a choice
- 10. is the study of individual consumers And businesses
- 12. is the process of getting a product or service to consumers before the human wants can be satisfied
- 13. simply means the extra or additional costs or benefits of a decision
Down
- 1. are positive rewards for making some kind of choice or behaving in a certain way
- 2. economy is an economy that relies on voluntary trade as the primary means of organizing and coordinating production
- 3. is a social science that studies how people, acting individually and in groups, decide to use scarce resources to satisfy their wants
- 4. is the study of the economy as a whole
- 5. is using a product or service complete still want satisfaction chain
- 7. is the imagination, innovation thinking, and management skills needed to start and operate a business
- 11. is a positive difference between total sales and total cost, meaning that total sales must be greater than total cost profit equals total sales greater than total cost