Across
- 1. What are important to us, and influence how we make decisions as consumers
- 3. This type of resource includes land, sky and water
- 4. Cost The value of the next-best alternative when a decision is made
- 6. Things we desire to have, and are unlimited
- 9. Are limited, and include human, capital and natural that are used to produce things
- 10. Are are physical items i.e. they can be seen or touched
- 12. When the demand for a resource is greater than the supply of that resource
- 13. Describes personal means in terms of our time, skills and income
Down
- 2. An act or use for which a consumer, firm, or government is willing to pay e.g. getting a haircut or seeing a dentist
- 5. the study of how individuals and society choose to allocate scarce resources
- 7. Essential for our survival
- 8. Involves specific traditions & celebrations, and can influence our values
- 11. Is an important natural resource category because it includes sunlight, air and rain. These are all FREE GOODS because we can access them free of charge