Across
- 2. any place where the sellers can meet with the buyers and where there is a potential for exchange to take place.
- 5. quantity of a good or a service that people are willing to buy and able to buy at given price for a given period of time.
- 6. (3)also called economic resources.
- 8. teaching,police,lawyer
- 9. man-made resources
- 12. Things that are compulsory to live or survive.
- 13. the selection between two or more.
- 14. quantity of a good or a service which producers are willing and able to offer at a given price for a given period.
- 15. car,laptop,apple,Daily packet
- 16. are individuals, groups that are affected by the activity of a business.
- 17. use of goods and services to satisfy human wants.
- 19. are resources those which take a long period of time to get replaced or
- 20. individuals prepared to take the risks of setting up business.
Down
- 1. (2)the next best alternative we forgo.
- 3. is the study of limited resources, their utilization, and how decisions are made in an effort to satisfy unlimited wants.
- 4. A Factor of production - Reward wages
- 7. medium of exchange
- 10. A Factor of production - all natural resources
- 11. – (2)the resources from nature that are used in production.
- 18. things that you would like to have but which are not a necessity to live