______ is the place or space where a business is located.

__________ is any of the physical or mental work involved in making a product.

___________ is the money used to make a good or service.

____________ is the action of combining the other three factors of production to make a product

_________________________ are things we get from nature, such as water, trees, land and oil.

An ___________________ is a person who has an idea for a business and brings the factors of production together to make a product.

Which of the following best describes a major part of the economic problem.

The economic problem is that there are not enough resources to make enough products to satisfy people’s wants.

Which of the following best describes a trade-off.

Businesses also need to make trade-offs.

_______________means there is a finite number of something or an end to something.

___________________ means there is no end to something.

Why are the factors of production important?

__________is the money a business makes from selling products, after costs have been paid.