V.

ANALYSIS, APPLICATION AND EXPLORATION

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ACTIVITY 1
Name: ______________________________ Course & Section: __________________
Word Find. Instruction: Read and analyze each statement carefully and identify what is needed to complete
each statement. Write your answer on the spaces provided in each item, then find your answer from the
box of words directly following the statements by writing these answers.

Economic Efficiency Labor utility Entrepreneurship Distribution Needs

Land Capital Labor Intensive Production Economic Security Rent
Exchange Economic growth Indirect distribution Production

_______________1. It is needed in the production process to properly use the capital and the land, under
the supervision or instruction of the entrepreneur to produce goods and services.
_______________2. Ability refers to the skills the owner or producer applies to combine all the factors of
production to produce goods and services.
_______________3. It directly addresses the question “For whom to produce?” It focuses on how the
products will reach he ultimate consumer.
_______________4. These are the things we simply cannot live or survive without.
_______________5. Directly addresses the basic economic questions of what to produce, how many or
how much to produce, and how to produce products
_______________6. Achieving the maximum fulfillment of wants using the available productive resources.
_______________7. encompasses not only the real estate property being used in the production process
but also all natural elements that come from the land-whether grown or mined.
_______________8. Pertains to all man-made resources used in the production process. This includes
machines, buildings, and equipment.
_______________9. Utilizes more manual effort than machine contributions.
_______________10. The assurance of the fulfillment of economic needs of every member of society,
including handicapped.
_______________11. Payment for the use land and its resources is called?
_______________12. It is that designed to facilitate the transfer of the good or service from the producer to
the consumer, and the corresponding payment from the consumer to the producer.
_______________13. The satisfaction derived by a consumer from the consumption of a good or service is
generally called?
_______________14. Which involves transferring ownership of goods from the producer to a wholesaler
then a retailer, before reaching the final consumer.
_______________15. Increase in the number of goods and services produced in the country.