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Business Student Created #1

Across
The factor of production that manage, organize and take the risks in return for a possible profit.
The accumulation of those products that are tangible, scarce and transferable from one person to another.
A condition that exists when people lack sufficient resources to obtain all of the goods and services they desire.
Those tasks that one person can produce more efficiently than other people because of repeating the same task over and over.
The process of concentrating on one specific task resulting in becoming much more efficient in the production of that good or service.
An economy in which the factors of production are privately owned.
Business models that are based on assumptions or hypothesis.
Down
The human element of the four factors of production.
After individuals receive their income from the resources the sell the spend those funds on?
The first basic question that must be answered as a result of scarcity.
The concept that compares the costs of an action to the benefits received.
The measure of the amount of output produced by a given amount of input in a specific period of time.
The process of creating goods and services.
The tools for production that are considered necessary to create goods and services.