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