1
Overall health, happiness, and prosperity.
2
Mutual reliance between individuals or economies.
3
Limited resources versus unlimited wants.
4
Maximizing output with minimum wasted resources.
5
Decision between alternatives in economics.
6
Government action in the market
7
Shift in economic or social conditions.
8
Fairness in resource distribution.
9
When spending exceeds revenue.
10
When spending exceeds revenue.
11
Money or assets used to produce wealth.
12
Quantity of a good consumers are willing to buy.
13
Decline in an asset’s value over time.
14
Person who starts and manages a business.
15
Worldwide integration of markets and cultures.
16
General rise in prices across an economy.
17
System where goods/services are exchanged.
18
Output per unit of input (e.g., labor).
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