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