HIstory

2. products and resources that satisfy people's needs and wants.
6. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
9. Analysis one economic evaluation tool to compare the costs and effects of alternative interventions.
11. the state of being scarce or in short supply; shortage.
12. an article or substance that is manufactured or refined for sale.
14. the regard that something is held to deserve; the importance, worth, or usefulness of something
16. a measure of economic performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.
18. the process of concentrating on and becoming expert in a particular subject or skill.
19. physical assets a company uses to produce goods and services for consumers.
20. Cost he loss of potential gain from other alternatives when one alternative is chosen.

1. is a curve on a graph that illustrates the possible quantities that can be produced of two products
3. is the end product a business produces that is purchased by a consumer.
4. describes the vast difference seen in the prices of certain essential goods and non-essential goods
5. the action of helping or doing work for someone.
7. the action or process of allocating or distributing something.
8. the loss of potential gain from other alternatives when one alternative is chosen.
10. exchange something of value, especially as part of a compromise.
13. A need is something that is needed to survive. A want is something that an individual desires, but would be able to live without
15. of Labor the separation of a work process into a number of tasks, with each task performed by a separate person or group of persons.
17. Exchange a type of transaction where two parties freely trade goods or services.