Across
- 1. A simple representation of the maximum level of output that an economy can achieve when using its existing resources
- 3. The next best choice given up when making a decision
- 5. The manufacture resources required in the production process
- 9. There are unlimited wants but there are limited resources to meet the wants
- 11. Contains firm that manufactures goods and changes raw materials to products
- 12. Extracting raw materials from the earth
- 14. A good or a service that is essential to living(Limited)
- 15. intangible actions that a person provides for another person
Down
- 2. The skill a business person requires to combine and manage the other three factors of production successfully
- 4. A good or a service that people would like to have, but it is not essential to living(Unlimited)
- 6. The Human Resources required in the production process
- 7. Physical(tangible) objects
- 8. When a supply of a resource cannot meet the demand for it
- 10. The Natural resources required in the production process
- 13. Firms that provide services to the general public