Across
- 3. type of good that is used to create another good
- 6. resources such as land, labor, and capital
- 8. examples include food, clothing, and shelter
- 10. type of good that satisfies a need or a want, such as a car or hamburger
- 11. What you give up when you make a choice
- 13. paying someone for the use of their skill
- 14. human activity used to produce a good or service
Down
- 1. all the possible combinations of how fixed resources can be used to produce goods
- 2. the use of science to develop a new product or to make one better
- 4. the use of money of tools to create a good
- 5. something you would like but is not necessary for survival
- 7. choosing one thing or another for purchase or consumption
- 9. People who take risks by starting and organizing a business
- 12. the concept of having unlimited wants but limited resources
- 14. natural resources