Across
- 3. term used to describe investments, either in the form of money or machinery
- 5. amount of physical, mental, and social effort used to produce goods and services in an economy
- 9. human resources, capital resources, natural resources, entrepreneurship => what are needed to make a product/provide a service
- 11. a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology
Down
- 1. a compromise where you exchange some parts of one thing for another thing
- 2. benefits that are lost when choosing one option over another
- 4. the gap between limited resources and limitless wants
- 6. categorized as a natural resource
- 7. a financial motivation for people to take certain actions
- 8. something that is needed for survival in terms of economics
- 10. something that is desired in terms of economics
- 12. the process of developing, organizing, and running a new business to generate profit while taking on financial risk