Across
- 3. – When limited resources cannot satisfy unlimited wants.
- 6. – Natural resources used to produce goods and services.
- 7. – Basic things required for survival, such as food, water, and shelter.
- 8. Cost – The next best option given up when making a choice.
- 11. Possibilities Frontier (PPF) – A graph showing the maximum combinations of goods that can be produced with available resources.
- 12. – The ability to organize resources and take risks to start a business.
Down
- 1. – Things people would like to have but are not necessary for survival.
- 2. – Human effort used to produce goods and services.
- 4. – Giving up one thing to get another.
- 5. – Something that motivates people to act.
- 9. Resources (Factors of Production) – The resources used to produce goods and services.
- 10. – Tools, machines, and buildings used to make goods and services.