Business cycle
Resources
Vocabulary
Factors of production
100
The top section of the business cycle
What is peak
100
Trees
What is natural
100
not enough resources to meet demand
What is scarcity
100
Manufactured aids to production
What is capital resources
200
The slow decline of the business cycle
What is recession
200
Truckers
What is human
200
the economic problem
What is scarcity
200
Resources that are free gifts of nature are called
What is natural resources
300
The bottom section of the business cycle
What is trough
300
Trucks
What is capital
300
A graph that shows the maximum amount of combinations of goods and services that can be produced from a fixed amount of time and resources is called the
What is production possibilities curve
300
Mankind's physical and mental talent, the skills people have to make products
What is human resources
400
The growth of the business cycle
What is recovery
400
Machines
What is capital
400
Type of economics that deals with big picture items such as trade between countries and governments
What is macro economics
400
An individual that puts together the factors of production to produce a good or service
What is entrepreneur
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