Business activity

2. the finance, machinery, and equipment needed for the manufacture of goods.
4. those resources needed produce goods or services.
7. the difference between the selling price of a product and the cost of bought-in materials and components.
8. a good or service which people would like to have, but which is not essential for living.
11. occurs when people and businesses concentrate on what they are best at.

1. the number of people available to make products.
3. the lack of sufficient products to fulfil the total wants of the population.
5. the next best alternative given up by choosing another item.
6. all the natural resources provided by nature: fields and forests, oil, gas, etc.
9. a good or service essential for living
10. the skill and risk-taking ability of the person who brings factors of production together to produce goods.