___________ is the natural resource.

The functions of _____________ are undertaken by a single individual.

_________ is necessary in order to decide what to produce, how to produce and for whom to produce.

Money has __________ necessary functions.

The concentration of large numbers of workers within very large production units allowed the process of production to be broken down into a series of tasks is called ____________.

_____________ allows more goods and services to be produced.

The term ___________ curve emphasises that what levels of output on economy can achieve with its existing resources.

_______________ refers to the system of exchange goods and services are exchanged directly for other goods and services.

Traditionally, economists have recognised ____________ types of economic system.

The process through which individuals to use up goods and services to satisfy wants is known as ___________.