Isaac Smith Economics Puzzle

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Across
  1. 5. the imagination, innovative thinking, and management skills needed to starts and operate a business.
  2. 9. Social Science that studies how people, acting individually and in groups, decide to use scarce resources to satisfy their wants.
  3. 10. An inequality exists between wants and the resources available to satisfy them.
  4. 11. Process that combines economic resources so the result is a good or service that is available for sale.
  5. 13. the process of getting a product or service to consumers.
  6. 14. Losses
  7. 15. An arrangement that allows buyers and sellers to make exchanges.
  8. 19. Relate to things such as fines or punishment.
  9. 20. The physical and mental efforts people use to create goods and services.
Down
  1. 1. Gains
  2. 2. An economy that relies on voluntary trade as the primary means of organizing and coordination production.
  3. 3. Exchanging something for something else.
  4. 4. The extra or additional costs or benefits of a decision.
  5. 6. The study of individual consumers and business.
  6. 7. Positive rewards for making some kind of choice or behaving in a certain way.
  7. 8. A positive difference between total sales and total costs.
  8. 12. using a product or service, completes the want-satisfaction chain.
  9. 16. The study of the economy as a whole.
  10. 17. Resources are the buildings, tools, and machines people create and use to produce final goods and services.
  11. 18. Natural resources are unaltered gifts of nature, such as soil, minerals, timber, and fresh water.