Across
- 2. the next unit, one more
- 4. how much someone needs to pay for an item
- 5. not a shortage, but instead, once you use something, it can't be used elsewhere
- 7. meeting society demands
- 11. how much money above costs a company brings in
- 12. measuring on small levels, firms and markets
- 13. objective statements on how things are
- 14. the development of someone's work worth, education, experience
- 17. measurement of output versus input
Down
- 1. the tools used for production of items
- 3. subjective statements on how things should be
- 6. measuring on large levels, unemployment, inflation and gdp
- 8. allocation of a world where people have limited resorces, but unlimited wants
- 9. making at the lowest cost, best use of resources
- 10. the enjoyment or satisfaction derived from a product or service
- 15. economics has many variables, this assumes all things being equal
- 16. how much money a company brings in
- 18. how much it takes for a company to produce