Business Basic

1. This is a system that allocates or shares scarce resources
3. This is the giving of one thing and the receiving of another.
5. The excess of expenditure over income
6. Reasonably homogenous good or material, bought and sold freely as an article of commerce
9. Trading in which goods or services are exchanged without the use of cash.
11. Any resources that are invested into a business
13. Commodity, or a physical, tangible item that satisfies some human want or need, or something which people find useful or desirable and make an effort to acquire it

2. are individuals who purchase goods that are produced or use the services provided in an economy
4. explain how wealth is created and distributed in communities
7. Any situation in which buyers and sellers meet or communicate in order to exchange goods and services.
8. Commercial transaction involving the sale and purchase of a good or service
10. merely express a desire for something which could over time help to satisfy need.
12. This is the physical or mental work of a person