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