Economics

4. A ________ market is where resources are being bought and sold.
5. ________ market is where goods and services are offered for sale.
6. The process of creating a good.
9. Assigning tasks so each worker performs fewer.
12. Gross ________ product is the dollar value of all goods produced in a year.
13. ________ capital is people's skills, abilities, health,and motivation all added up.
14. Work that is performed for someone is a ________.
15. Food, clothing, and shelter are examples of ________.
16. ________ are the worth of goods, which is decided by the market.

1. ________ is when economic activities in one part of the world impact another.
2. The fundamental economic problem facing everyone is ________.
3. "gifts of nature"
7. ________ is the sum of tangible economic goods that are scarce.
8. The ability of a good or service.
10. _________ good is tool that is manufactured and then used to create another good.
11. Division of ________ is a section of work that is put into different tasks that need to be performed.