Across
- 2. the combining of resources to make goods or provide services
- 3. Water, minerals, fish, lumber
- 5. the inability to satisfy all wants at the same time
- 6. The process of designing, launching and running a new business (ex: Opening a lemonade stand, Jeff Bezos - Amazon, Oprah Winfrey)
- 7. the amount of money exchanged for a good or service
- 9. the selection of an item or action from a set of possible alternatives
- 11. the amount of a good or service that producers are willing and able to offer for sale at each possible price during a given period of time
- 12. the using of goods and services
- 13. the amount of a good or service that consumers are willing and able to buy at different prices during a given time period
Down
- 1. The people who produce the good or service (ex: workers, teachers, cashiers, managers).
- 4. Resources that occur in nature
- 8. factors of production that are used in the production of goods and services
- 9. Man made tools and equipment for the production of goods + services (ex: Dough mixer, money, moving truck)
- 10. cost what is given up when a choice is made (the second-best alternative)