Give the word that fits the following business descriptions;
1. this is the finding and assigning monies to different assets based on inventor risk and other factors
2. this is equipment and factories used in the production of goods and services.
3. tool or equipment used to produce other goods
4. economic system characterized by a central authority which makes major economic decisions
5. a finished product used by an individual for personal use
6. this is the process of reducing or eliminating government regulations on an industry, allowing for more laissez-faire business practices.
7. this is the increase in the value of the goods and services produced by an economy.
8. this is the way in which a society deals with the production, distribution and consumption of goods and services.
9. a person who takes the risk of a new business enterprise
10. land, labor, capital, and entrepreneurship
11. this is a factor that gives a motivation for selecting a certain choice or course of action.
12. this is money that is gained for goods or services by an individual or business.
13. this is one of the three main factors of production. it is the measure of the work done by people.
14. an economy in which the government has little to say about what, how, and for whom goods are produced; the factors of production are privately owned.
15. this is the economic term that refers to the fact that in order to do or purchase one thing, a person must forgo doing or purchasing one other equally desirable thing.
16. a diagram showing the maximum amount of goods and/or services an economy can produce
17. this is the amount of goods or services produced per input used.
18. these are the legal restrictions set forth by a government to produce desired outcomes.
19. these are the factors of production used in the making of goods and services.
20. this is when resources are limited and the need for a good or service is higher for a society than what is produced.
21. this is when each worker performs a specific task in production.