Across
- 3. economic agents who purchase goods and services
- 5. a situation where resources are limited compared to the demands placed on them via wants and needs
- 7. an entity that provides a good or service for sales with the objective of making a profit
Down
- 1. the value of the next best alternative foregone when a choice is made
- 2. a social science that studies the decisions made by individuals, businesses, governments and other groups about how scarce resources are allocated
- 4. mental and physical human effort exerted in the production process
- 6. man-made goods used in the production of other goods and services