Resources, costs, revenue & profit

3. The inputs used in the production process to create goods and services
4. Any thing which occurs naturally in the Sea, Land, Air
6. The difference between revenue and costs. This shows the firms ability to cover its costs.
9. Another name for natural resources
11. How much income the firm earns, usually from selling its product or service. Revenue= Price received x quantity sold
12. Natural resources that will not regenerate or replenish naturally within a reasonable timeframe.
13. The amount paid by the producer to get the product ready to sell e.g. wages, packaging, electricity
15. The amount a producer earns after paying costs. Revenue – cost
16. When resources are used in such a way to ensure they are available to meet the needs of future generations.

1. When a firm increases its stock of capital goods (purchases of capital stock)
2. Natural resources that regenerate of their own accord within a reasonable time frame.
5. Man-made goods that are used to produce other goods and services.
7. Another name for human resources
8. An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
10. The people who contribute to the production process.
14. The amount producers receive when they sell a single good or provide a service.