Economics Kewords

3. All natural resources provided by nature.
5. Buying Goods or services from other countries.
9. Something that you would like to have but don’t necessarily need.
12. The effort to increase production by adding the number of factors of production.
14. Goods are distributed directly to consumers by producers.
16. Selling goods or services to other countries.
19. Amount of money earned by firms from selling goods or services.
20. A person who owns and manages a business.
21. An activity to make goods or services.
22. A stage of production that involves extracting natural resources.

1. Human resources
2. Man-made resources.
4. To deliver goods to consumers.
6. The effort to increase production by increasing the efficiency of factors of production.
7. Needs which must be fulfilled right at this moment or immediately.
8. A condition where people tend to spend all their income.
10. To use goods or services.
11. Needs that absolutely have to be fulfilled to keep human survive.
13. The positive difference between revenue and cost of production.
15. A situation when there aren’t enough goods and services to meet human’s needs and wants.
17. The value of goods in money.
18. Something you must have to stay healthy and safe.