Across
- 6. necessarily for survival
- 8. a curve that illustrates the variations in the amounts that can be produced of two products if both depend upon the same finite resource for their manufacture
- 10. things used to produce a good or service
- 12. risk-takers who combine land, labor, and capital into new products.
Down
- 1. a limited resource including minerals, vegetation, animal life and climate
- 2. something that is desired
- 3. any situation where making one choice means losing something else, usually forgoing a benefit or opportunity.
- 4. the condition where unlimited human wants face limited resources
- 5. means by which something is produced and includes money, tools, equipment, machinery, and factories.
- 7. workers who apply their effort, abilities, and skills to production.
- 9. financial motivations for people to take certain actions.
- 11. is what a person sacrifices when they choose one option over another.