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3
|
The cost added by producing one additional unit of a product or service.
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4
|
The loss of potential gain from other alternatives when one alternative is chosen.
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5
|
An organized body of people with a particular purpose, especially a business, society, association, etc.
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6
|
Excessively concerned with material possessions; money-oriented.
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8
|
It can be classified as the economic value of a worker's experience and skills.
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10
|
A condition where different economic firms seek to obtain a share of a limited good
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12
|
Consists of tangible, man-made objects that a company buys or invests in and uses to produce goods.
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1
|
Assets that can be drawn on by a person or organization in order to function effectively.
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2
|
Relating to or situated at the edge or margin of something.
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|
3
|
A maximum amount a consumer is willing to pay for an additional good or service
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7
|
The application of scientific knowledge for practical purposes, especially in industry.
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9
|
To have a short supply; shortage.
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11
|
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
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13
|
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
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14
|
A thing that motivates or encourages one to do something.
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