eco - Crossword Labs

6. factors used to produce goods and services
7. of labour, the ability of labour to change where it works or in which occupation
10. spending on capital goods
11. of production, the economic resources of land, labour, capital and enterprise
12. cost, the next best alternative forgone
14. good, a product which requires resources to produce it and therefore has an opportunity cost
18. goods and services produced by the factors of production
19. a person who bears risks and makes the key decisions in a business
20. the value of capital goods that have worn out or become obsolete
25. productivity, output per worker hour
26. gifts of nature available for production
27. goods, human-made goods used in production
28. human effort (physical and mental) used in producing goods and services

1. of c ofapital, the ability of capital to change where it works or in which occupation
2. economic problem, unlimited wants exceeding finite resources
3. of enterprise, the ability of enterprise to change where it works or in which occupation
4. net investment, reduction in the number of capital goods caused by some obsolete and worn out capital goods not being replaced
5. the output per factor of production in an hour
8. a situation where there is not enough to satisfy everyone's wants
9. immobile, incapable of moving from one location to another location
13. mobile, capable of changing use
15. investment, gross investment minus depreciation
16. good, a product which does not require any resources to make it and so does not have an opportunity cost
17. goods, goods and services purchased by households for their own satsifaction
21. risk bearing and key decesion making in business
22. force, people in work and those actively seeking work
23. investment, total spending's on capital goods
24. possibility curve, a curve that shows the maximum output of two types of products and combination of those products that can be produced with existing resources and technology