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Economics

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Across
  1. 2. includes all natural resources
  2. 4. the situation that exists when there are not enough resources to meet human wants.
  3. 11. is the combination of vision, skill, ingenuity, and willingness to take risk that is needed to create and run new business
  4. 14. a person who makes goods or provides services.
  5. 16. the study of how people choose to use scarce resources to satisfy their wants.
  6. 18. the benefits or satisfaction gained from the use of a good or service.
  7. 19. are physical objects that can be purchased.
  8. 20. benefits offered to encourage people to act in certain ways
Down
  1. 1. is all resources made and used by people to produce
  2. 3. to make decisions according to what you believe is the best combination.
  3. 5. a person who buys goods or services
  4. 6. is all human time, effort, and talent
  5. 7. are desires that can be satisfied by consuming a good or service
  6. 8. Analysis Aid to decision making.
  7. 9. are things, such as food, clothing, and shelter, that are necessary for survival.
  8. 10. cost a decision to value the next best alternative
  9. 12. are work that one person performs for another payment.
  10. 13. of Production the economic resources needed to produce goods and services.
  11. 15. Benefit refers to the benefit or satisfaction received from using one or more unit of a good or service
  12. 17. Give up and make an economic choice