Across
- 4. positive difference between total sales
- 5. social science that studies how people decide to use scarce resources to satisfy their wants.
- 7. highest valued alternative given up as a result of making a choice
- 9. relies on voluntary trade
- 10. natural resources
- 12. buildings tools and machines people create
- 13. study of individual business
- 19. imagination innovate thinking and management skills needed to operate a business
- 20. allows buyers and sellers to make exchanges
- 21. gains
Down
- 1. land labor and capital resources
- 2. losses
- 3. combines economic resources so the result is a good or service
- 6. study of economy as a whole
- 8. human resources
- 9. extra or additional costs or benefits of a decision
- 11. the process of getting a product to consumers
- 14. positive rewards for making some kind of a choice
- 15. using a product or service
- 16. inequality exists between wants and the resources available to satisfy them
- 17. fines or punishments
- 18. exchanging something for something else