Economics Grade 9

7. - 2.The inability to satisfy all unlimited wants because resources are limited. (8)
8. 4.Thenext best alternative given up when making a choice. (15)
11. 1. Human-made resources used in production, excluding money. (7)
12. 6. A resource supplied by nature that earns rent. (4)
13. 7. The process of combining resources to create goods and services. (10)
14. - 9. The four resources used to produce goods and services are called ______ of production. (7)
15. 12. A payment received by workers for their labour. (5)
18. 14. The individual who organises the factors of production. (12)

1. - 13.Resources used to produce goods and services. (17)
2. 11.Goods that are available in unlimited quantities and have no opportunity cost. (9)
3. 16. Goods produced to satisfy human wants. (5)
4. 15.Machines and equipment used to produce other goods. (13)
5. 8.Humaneffort used in production that receives wages. (6)
6. - 10.Theentrepreneur's reward for taking business risks. (6)
9. willingness and ability to bear uncertainty in business. (15)
10. 17.The payment made for borrowing capital. (8)
11. - 5. The basic economic problem forces individuals to make this. (7)
16. 19. Limited resources available for production are described as ______.(6)
17. 3. A situation where unlimited wants exceed limited resources. (9)