Topic 1: Fundamentals of Economics

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Across
  1. 2. consumers want more than producers are making
  2. 3. giving up one benefit for another
  3. 6. the study of how people seek to satisfy their wants and needs with choices
  4. 7. using resources in a way that maximizes the output
  5. 8. action or activity performed for someone
  6. 9. physical objects produced for someone
Down
  1. 1. desire not essential for survival
  2. 2. limited amounts of goods and services available for unlimited wants
  3. 4. essential for survival
  4. 5. using fewer resources than capable