Across
- 3. The study of how societies deal with scarcity
- 7. The value lost when picking one thing over another
- 8. Additional cost to an action
- 9. The process of separating tasks for different workers
- 10. Equipment used for the production of other goods
- 12. When something is given up for something else
- 15. When the marginal benefit is greater than the cost
- 17. when each worker performs a specific task in production
- 18. this is a person who takes the risk of a new business enterprise
- 20. Anything that takes something from you
- 21. Method of distribution of goods and services
- 22. When the marginal cost is greater than the marginal benefit
- 23. A factor used to influence or draw someone to something
Down
- 1. The act of buyers and sellers freely having market transactions
- 2. Land, labor,entrepreneurship, and capital
- 4. additional benefit to an action
- 5. When Need for a resource is greater than society can get
- 6. work done by people
- 11. tool or equipment used to make other goods
- 13. Anything that brings value
- 14. Something not vital
- 16. Something vital
- 19. The factors of production used in the making of goods and services