Across
- 4. - the process of getting a product or service to consumers
- 6. - is a social science that studies how people act
- 8. - is an economy that relies on voluntary trade as the primary means of organizing and coordinating production
- 10. - gains
- 13. - is exchanging something for something else
- 15. - is the study of individual consumers and businesses
- 17. - is a process that combines economic resources so the result is a good or service that is available
- 18. - often relate to such things as fines or punishment
- 19. - is a positive difference between total sales and total costs
- 20. - using a product or service
- 21. - extra or additional costs or benefits of a decision
- 22. - resources are the buildings, tools, and machines people create and use to produce goods
Down
- 1. - is the study of the economy as a whole
- 2. - are positive rewards for making some kind of choice or behaving in certain way
- 3. - are the physical and mental efforts people use to create goods and services
- 5. - that an inequality exists between wants and the resources available to satisfy them
- 7. - is the higher valued alternative given up as a result of making a choice
- 9. - is an arrangement that allows buyers and sellers to make exchanges
- 11. - natural resources are unaltered gifts of nature such as soil, minerals, timber, and fresh water
- 12. - losses
- 14. - is the imagination, innovative thinking, and management skills needed to start and operate a business
- 16. - land, labor, and capital resources