Across
- 2. use of a product
- 3. study of the economy as a whole
- 5. an inequality exists between wants and the resources available to satisfy them
- 7. gains
- 8. losses
- 9. social science that studies how people use resources to satisfy their wants
- 12. an economy that relies on voluntary trade as primary means of organizing and coordinating production
- 15. positive rewards, something used to encourage sales
- 17. allows buyers and sellers to trade or make exchanges
- 18. process that combines economic resources for something that is available to buy
- 21. extra or additional costs, benefits of making a decision
Down
- 1. imagination,innovative thinking, and management skills needed to start and maintain a business
- 4. what economists call land, labor, and capital resources
- 6. fines or punishments
- 10. buildings,tools,and machines people make and use to produce final goods and services
- 11. highest valued alternative given up as a result of making a choice
- 13. study of individual consumers and businesses
- 14. getting goods or services to consumers
- 16. what we call natural resources
- 18. positive difference between total sales and totals costs
- 19. the exchanging of something for something else
- 20. efforts (physical and mental) people use to create goods and services