Economics terms

4. when we have unlimited wants and need but only a limited amount of means to satisfy these
8. the next best choice given up
11. this is limited as we only have 24hours in a day
12. something that somebody does for you (actions)
14. something you can buy or use (objects)

1. this is limited as we are either born with these or have to take time improving these
2. things we would like to have but do not need to stay alive
3. our personal resources (Time, Money, Skills and Family)
5. someone who buys goods or services
6. things that we must have to survive
7. this is limited to the amount of income earned
9. someone who makes or grows goods or offers services
10. products bought to be used/consumed by consumers
13. Goods that a producer uses to create other goods and services. E.g. Printer, machines, taxi, hammer, tractor