Basic Economic Problem

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Across
  1. 6. Resources that can used repeatedly as they can renew themselves
  2. 7. The reward of Land
  3. 11. Resources are scarce but wants are infinite
  4. 14. Resources which can be used in such a way that it cannot be readily replenished causing the stock to reduce over time
  5. 16. The four types of resources available for use in the production process
  6. 19. Resources which are used to transform working capital into goods and services
  7. 20. The stock of manufactures resources used in the production process
  8. 21. Goods Resources which are not scarce
  9. 23. All natural resources used in the production process
  10. 24. The reward of Capital
Down
  1. 1. Renewable resources that can be used in a way that it's stock will not diminish
  2. 2. the seeking out of profitable opportunities for production for the production process
  3. 3. Resources that are in the production system waiting to be transferred into goods or other materials before being finally sold to the consumer
  4. 4. resources which cannot be replaced once used
  5. 5. The reward of Labour
  6. 8. Good Resources which are scarce
  7. 9. The value of the productive potential of an individual or group or workers
  8. 10. Essential demands that must be satisfied
  9. 12. individuals who seek out profitable opportunities for production and take risks in attempt to exploit these
  10. 13. The benefit lost from the next best alternative
  11. 15. When a good or resource is hard to find
  12. 17. The workforce used in the production process
  13. 18. The reward of entrepreneurship
  14. 22. Demands that are not essential