Across
- 5. fines or punishments
- 6. positive difference
- 8. using a product or service
- 10. process which combines economic resources so the result is a good service or available for sale
- 12. gains
- 15. extra cost
- 16. the land, labor, and capital resources used to produce goods and services
- 18. positive rewards
- 19. resources that are buildings, tools, and machines
- 20. natural resources that are unaltered gifts of nature, such as soil, minerals, timber, and fresh water
- 21. an inequality that exists between wants and availability
Down
- 1. study of economics as a whole
- 2. the imagination, innovative thinking and management skills needed to start and operate a business
- 3. the process of getting a product or service to consumers
- 4. study of individual consumers
- 7. economy economy that relies on voluntary trade
- 9. an arrangement that allows buyers and sellers to make a trade
- 11. highest valued alternative given up due to a choice
- 13. a social science that studies how people decide to use resources, in order to get what they want
- 14. human resources
- 17. exchanging
- 22. losses
