Across
- 1. land, labor, and capital resources
- 3. a positive rewards for making some kind of choice
- 4. economy an economy that relies on voluntary trade of the primary means of production
- 5. the imagination, innovative thinking, and management skills needed to start and operate a business
- 6. exchange of items
- 9. resources used to create and use final goods
- 11. a place where natural resources are found
- 12. physical and mental efforts people use to create goods and services
- 15. a process that combines economic resources so the result is a good or service that is available for sale
- 17. using a product or service that completes the want satisfaction
- 19. the inequality exists between wants and the resources available to satisfy them
- 20. the study of individual consumers and businesses
- 21. loss in something
Down
- 2. negative or withdrawn award
- 4. the study of the economy as a whole
- 7. the process of getting a product or service to consumers
- 8. extra, additional costs, or benefits
- 10. gaining something
- 13. an arrangement that allows buyers and sellers to make exchanges
- 14. cost highest valued alternative given up as a result of making a choice
- 16. a social science how people use resources to satisfy their needs
- 18. total sales greater than total cost