Understanding Business Activity
Across
- 2. Unlimited wants cannot be met because there are limited factors of production.
- 4. Loss of the other alternative when one alternative is chosen.
- 6. All natural resources such as minerals, ores, fields, oil and forests.
- 9. Firms that process and manufacture goods from natural resources.
- 11. Goods and services that people would want, but is not essential for living.
- 12. Firms that supply a service to consumers and other businesses.
- 13. There are not enough goods and services to meet all the needs and wants of the population.
- 14. The part of an economy that is controlled by the state or government.
- 15. Firms whose business activities involve the extraction of natural resources.
- 19. An economy where the resources are owned and controlled by both private and public sectors.
- 20. Goods and services that are essential for living.
Down
- 1. The number of people available to work.
- 3. The process of producing goods and services to satisfy consumer demand.
- 5. Includes the people that are ready to take the risks of setting up businesses.
- 7. The machinery, equipment and finance needed to produce goods and services.
- 8. The part of an economy that is owned and controlled by individuals and companies for profit.
- 10. The resources that are needed to produce goods and services: land, labour, capital and enterprise.
- 16. Things that are intangible, but there.
- 17. Something people are good at or have a very comprehensive understanding of a specific area
- 18. Things you can physically touch.