4.05 Vocab Words

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Across
  1. 4. the knowledge, skill, training, and experience that individuals need to produce goods and services within their economy.
  2. 5. resources materials and energy that occur naturally and are used in economic activities.
  3. 6. an asset that has physical substance.
  4. 7. the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output
  5. 8. the physical or financial resources used to produce value in an economy
  6. 10. the quantity and quality of goods or services produced in a given time period, within a given economic network, whether consumed or used for further production.
Down
  1. 1. any commercial activity, irrespective of form of ownership and irrespective of the nature of the goods, services or rights exchanged or managed for a consideration.
  2. 2. an asset that is not physical in nature
  3. 3. physical assets a company uses to produce goods and services for consumers.
  4. 9. any resources used to create goods and services