Across
- 3. purposeful behavior taken to improve one's life
- 5. the study of how people seek to satisfy their needs/wants
- 6. an economic system in which voluntary exchanges are used to answer the 3 economic questions.
- 8. the peaceful transfer of goods, service or money
- 9. an action or reward that motivates one to act a certain way
- 10. comples social organizations such as govt, economies and education systems set up by people
- 11. people who risk their time, money and resources to start and manage a business
Down
- 1. the situation in which unlimited wants exceeds the limited resources
- 2. anything that serves as a medium of exchange, unit of account & a store of value
- 4. the buying and selling of goods and services
- 7. the worth/value of a good or service as determined by its usefulness