Across
- 2. goods that are durable and used in the production of other goods or services
- 7. A person who organises the other factors of production
- 8. reward for enterprise
- 9. Cost that is the next best alternative foregone
- 12. The study of how to allocate these resources in conditions of scarcity
- 13. Limited availability of resources
Down
- 1. reward for land
- 3. reward for capital
- 4. reward for labour
- 5. Good that is not scarce
- 6. the effectiveness of productive effort
- 10. A source or supply from which goods and services are produced
- 11. Things or material items of peoples need for survival