Across
- 2. arrangement that allows buyers and sellers to make exchanges
- 5. imagination, thinking and management skills to start a business
- 8. an advantage or profit gained from something
- 9. using a product or service, complete the want-satisfaction chain
- 11. is a positiv difference between total sales and total costs, when total sales>total costs
- 14. exchange
- 15. natural resources are referred to it
- 17. opposite of the word before
- 18. is the study of the economy as a whole
- 19. other word human resources
- 20. wants>available resources
- 22. final goods and services can sold to consumers
Down
- 1. process which combines economic resources
- 3. the process of getting a product or service to consumers
- 4. meeting point of supply and demand, where the price should be determined
- 6. require the payment of something
- 7. is the study of individual consumer and business
- 10. highest valued alternative that is given up
- 12. a thing that motivates or encourages one to do something
- 13. economics call the last 3 ..
- 16. is a social science that involves the study of people
- 21. means the extra or additional costs or benefits of a decision