IGCSE AMBASSADOR COMPETITION

Match the definition to its appropriate business term :

1. ………………………. A person who purchases goods and services for personal use.

2. ………………………. Tangible and physical products that can be touched and consumed.

3. ……………………… the natural resources that can be obtained from nature.

4. ………………………. the physical and mental efforts put in by the workers in the
production process.

5. ………………………. the finance,machinery and equipment needed for the production

of goods and services.

6. ………………………. The risk-taking ability of the person who brings the other factors
of production together to produce a good or service.

7. ………………………. A lack of enough resources to make everything that everybody

wants.

a. capital b. goods c. services d. land e. labor f.

customer g. enterprise h. scarcity