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1
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A characteristic of an entrepreneur
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2
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Given that wants are unlimited and resources are limited, resources are therefore insufficient to satisfy all of people's wants
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3
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Activities provided to satisfy need and wants They are intangible by nature
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5
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A legally established organization whose goal is to make a profit by selling goods and or service to satisfy the needs and wants of customers
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6
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A supreme ruler is in charge of all economic activities in this type of economic system
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10
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Given the limited supply of resources to satisfy people's wants, individuals must now decide between options available
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11
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Tangible commodities that can be stored for at least a short period of time
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15
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In this economic system, the government controls all economic activities
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16
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Basic human requirements that people must have to survive
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