Across
- 3. Desires for goods.
- 6. When a decision is made, the worth of the next-best alternative.
- 7. A person places on an economic good based on the benefit that they derive from the good.
- 10. Financial resources that businesses can use to fund their operations like cash, machinery, equipment and other resources.
- 12. establishing a firm or industries, taking financial risks in the aim of profit.
- 13. Exchange anything valuable, especially as part of a bargain.
- 15. Resource that encompasses the natural resources used in production.
- 16. A grant or subsidy made to encourage increased productivity or investment.
Down
- 1. The gap between limited resources and limitless wants.
- 2. The total satisfaction received from consuming a good or service.
- 3. Buildup of valuable economic resources that may be assessed in terms of actual products or monetary worth.
- 4. A graph that depicts all of the possible output combinations of two items that may be created utilizing existing resources and technology.
- 5. The natural, human, and capital resources used to make goods and services.
- 8. The level of physical, mental, and social effort expended in an economy to generate commodities and services.
- 9. A product or service that is helpful to humans but must be paid for.
- 11. Objects/things we use to survive.
- 14. Act or usage that a customer, business, or government is prepared to pay for.