Basic Economic Problem

6. Resources that can used repeatedly as they can renew themselves
7. The reward of Land
11. Resources are scarce but wants are infinite
14. Resources which can be used in such a way that it cannot be readily replenished causing the stock to reduce over time
16. The four types of resources available for use in the production process
19. Resources which are used to transform working capital into goods and services
20. The stock of manufactures resources used in the production process
21. Goods Resources which are not scarce
23. All natural resources used in the production process
24. The reward of Capital

1. Renewable resources that can be used in a way that it's stock will not diminish
2. the seeking out of profitable opportunities for production for the production process
3. Resources that are in the production system waiting to be transferred into goods or other materials before being finally sold to the consumer
4. resources which cannot be replaced once used
5. The reward of Labour
8. Good Resources which are scarce
9. The value of the productive potential of an individual or group or workers
10. Essential demands that must be satisfied
12. individuals who seek out profitable opportunities for production and take risks in attempt to exploit these
13. The benefit lost from the next best alternative
15. When a good or resource is hard to find
17. The workforce used in the production process
18. The reward of entrepreneurship
22. Demands that are not essential