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Unit 10 - Economic Decisions

Name:  _________________________________
Horizontales
Factors of production that are used in the production of goods and services.
The amount of good or service that consumers are willing and able to buy at a certain price
The using of goods and services
the point where supply and demand meet
Selecting an item or action from a set of possible alternatives
Verticales
The combining of human, natural, capital, and entrepeneurship resources to make goods or provide services
What is given up when a choice is made
The inability to satisfy all wants at the same time
The amount of good or service that producers are willing and able to sell at a certain price
is determined by the interaction of supply and demand