nature of a business

2. a person or group that uses goods and services to satisfy wnts
4. a financial gain of a business or entrepreneur
7. a person or business that makes or creates goods and services
10. the physical or mental work of a person
11. an individual who takes risks and stats a business
13. the money or other resources used to start a business
17. a group of people using resources or things that are arranged in a certain way to carry out specific activities in order to achieve a goal or objective
19. a form of division of labour in which each individual or firm concentrates its production efforts on a single or limited number of activities
20. the buying and selling of goods or services

1. the act of combining all factors of production with the aim of establishing a profitable venture
3. a written order from one party to another to pay a specific sum to a third party at a future date
5. the giving of one thing and the receiving of another
6. a system that allocates or shares resources by deciding what should be produced, how and for whom
8. the activities that assist but does not deliver a tangible commodity
9. any situation in which sellers and buyers interact and communicate in order to exchange goods and service
12. the taking of risks in establishing a business
14. an item that is traded
15. the exchange of goods and services for other goods and services without the exchange of money
16. when the cost of production and other expenses are greater than the revenue
18. tangible things that are made to be sold and are otherwise called products