Answers
1. Business in which two or more people share the responsibilities, costs,
profits, and loss - ANS ✔partnership
2. Items found in nature that can be used to produce goods and provide
services - ANS ✔natural resources
3. Labor - ANS ✔the human effort, skills, and abilities used to produce goods
and services
4. Stock - ANS ✔Choose correct answers:
Shares of ownership of a corporation
5. Free market - ANS ✔the right to buy and sell goods as you choose
6. Scarcity - ANS ✔the lack of a particular resource