Across
- 3. combines economic resources into a better resource
- 4. the imagination, Innovative thinking, and management skills needed to operate a business
- 6. positive difference between total sales and costs
- 9. buildings, tools, and machines used to make or use a final product
- 11. an arrangement that allows buyers and sellers to make exchanges
- 12. An inequality that exists between want and resources
- 13. study of the economy as a whole
- 15. a social science that studies how people use resources
- 16. using a product
- 17. a punishment for doing something
- 18. physical and mental efforts used to make a product
- 20. cost highest valued alternative given up as a result of a choice
Down
- 1. how a product gets to a consumer
- 2. extra costs or benefits
- 5. study of individual consumers and businesses
- 7. positive rewards for doing something
- 8. an economy that relies on voluntary trade
- 10. what economists call land, labor, And capital resources
- 14. gains
- 18. natural resources
- 19. losses
