Across
- 1. A field of study analyzing human behavior, including economics
- 6. Industries providing services like retail or healthcare
- 9. Categories of primary, secondary, and tertiary activities
- 12. Man-made resources like machinery used in production
- 14. The study of how scarce resources meet infinite wants
- 15. A good that is scarce and has an opportunity cost
- 17. Trading goods, services, or money between parties
- 23. Subjective assessment influenced by personal beliefs
- 24. Systems where central planning allocates resources
- 25. Systems where buyers and sellers interact
- 26. Systems where market forces allocate resources
- 28. Economist known for free market advocacy
- 30. Describes unlimited human wants
- 31. A medium of exchange, store of value, and unit of account
- 33. Economist famous for the invisible hand concept
- 35. Simplified representations used to explain economic phenomena
- 36. Human effort, physical or mental, in production
- 37. Industries like farming and fishing that extract resources
Down
- 2. Focusing on producing a limited range of goods
- 3. Process by which supply and demand allocate resources
- 4. Extra satisfaction from consuming one more unit
- 5. Industries involved in manufacturing and construction
- 7. Objective assertion that can be tested or proven
- 8. Systems combining markets and government intervention
- 10. Output per unit of input, like per worker
- 11. A resource that is exhaustible and cannot be replaced
- 13. Scarcity causing choices to allocate limited resources
- 16. Value of the next best alternative foregone
- 18. A resource that can replenish naturally over time
- 19. Worth of a good or service based on utility and scarcity
- 20. Natural resources like soil, water, and minerals
- 21. Combining resources and taking risks in production
- 22. Value-based claim on what ought to be
- 27. Describes a resource that is limited and exhaustible
- 29. Breaking production into tasks for efficiency
- 32. Economist who critiqued capitalism and proposed socialism
- 34. Latin for “all other things being equal” in economics