Economics Unit

Front

A factor of production that includes all natural resources.

Back

land

Front

The four types of resources needed for a business to function.

Back

factors of production

Front

The work needed to complete a job.

Back

labor

Front

The tools needed to complete a job.

Back

capital

Front

Someone who starts their own business.

Back

entrepreneur

Front

All businesses related to the same type of product.

Back

industry

Front

A limited supply, or lack of something.

Back

scarcity

Front

An excess amount of something. More than you need.

Back

surplus

Front

An object that you can touch is a ____________ item.

Back

tangible

Front

The want of a product is the...

Back

demand