Economics Key Words

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Across
  1. 2. A graph to show the possible combinations of two products
  2. 4. Deciding whether to spend on military funds or goods and services for the people
  3. 5. Not enough of a good/service but will be stocked up again
  4. 9. System in which the consumers and sellers determine prices by supply and demand
  5. 10. Spending plan to outline expenses and financial goals
  6. 12. System in which stores are controlled by the government and others privately
  7. 14. Giving up one benefit in order to gain other greater benefits
  8. 15. Someone who starts and operates a business
Down
  1. 1. More resources available & if technology improves the economy to increases output levels
  2. 3. Feeling of regret after making an unnecessary purchase
  3. 6. The most desirable alternative given up as the result of a decision
  4. 7. Using resources to maximize production of goods & services
  5. 8. Limitations on certain things that can be permanently gone
  6. 11. Greater education and experience leads to better productivity
  7. 13. Government that controls means of production