Econ Word Scramble
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| Word | Definition |
| OPPORTUNITY COST | what you are giving up by doing something else |
| SCARCIDY | on so much of something |
| INCENTIVE | your motivation to do something |
| MICROECONOMICS | the economics of a small entity such as the one in a house |
| MACROECONOMICS | the economics of a big place like the nation or world |
| GAINS FROM TRADE | benefits from allowing an increase in voluntary trading with each other |
| SPECIALIZATION | when people or countrys can concentrate on items it can preduces most efficieantly |
| DIVISION OF LABOR | the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency. |
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alexisfernandez
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