Across
- 3. principle that there are not enough of a certain item to satisfy the demand for it
- 5. decision making process in which you compare what you will sacrifice and gain by a specific action
- 6. the study of how people seek to satisfy their needs and wants by making choices
- 7. something that is required in order to survive
- 8. situation where consumers want a good or service, where as produces cannot make at a certain price
- 11. alternatives we give up when we choose one course of action over another
- 12. resources used to make goods and services
Down
- 1. the asset you are willing to give up in order to gain another
- 2. action or ability that someone performs for another
- 3. division of citizen classes based on wealth
- 4. any human-made resource used to produce other goods and services
- 9. physical object that someone produces
- 10. something you desire but do not require