Chapter 1 & 2 Crossword

condition in which human wants are forever greater than the available supply of time, goods, and resources
the basic categories of inputs used to produce goods and services, often called factors of production, and divided into three categories
any natural resource provided by nature that is used to produce goods and services
the mental and physical capacity of workers to produce goods and services
the creative ability of individuals to seek profits by taking risks and combining resources to produce innovative products
human-made goods used to produce other goods and services
study of how society chooses to allocate its scarce resources to the production of goods and services in order to satisfy unlimited wants
branch of economics that studies decision making for the economy as a whole
branch of economics that studies descion making by a single individual, household, firm, industry, or level of government
a simplified description of reality used to understand and predict the relationship between variables
a phrase that means while certain variables change, "all things remain unchanged"
to occur with the other, not necessarily cause it
to produce or bring about the other, cause it
an analysis to statements that are verifiable
an analysis based on value judgement
the best alternative sacrificed for a chosen alternative
an examination of effects of additions to or subtractions from a current event
the accumulation of capital
the body of knowledge applied to how goods are produced
the ability of an economy to produce greater levels of output