Across
- 3. land, labor, and capital resources
- 4. building, tools, and machines created and used to create products
- 7. a social science that studies how people use scarce resources to satisfy their wants
- 9. human resources
- 11. gains
- 14. using a product
- 15. negative or withdrawn reward
- 16. allows for buyers and sellers to make exchanges
- 18. an inequality between wants and the resources needed to satisfy them
- 19. positive reward for doing something
- 20. natural resources
Down
- 1. process that combines economic resources so the result is a good
- 2. study of economy as a whole
- 5. highest value alternative given up as a result of making a choice
- 6. innovative thinking needed to start and operate a business
- 8. positive difference between total sales and total costs
- 10. process of getting a product to consumers
- 12. losses
- 13. study of individual consumers and businesses
- 16. extra costs or benefits of a decision
- 17. exchanging something for something else