| A | B |
|---|
| scarcity | a lack of resources |
| factors of production | econ resources necessary to produce goods and services |
| natural resources | raw materials used to produce goods |
| labor resources | people who make goods and services |
| capital resources | things used to produce goods and services |
| entrepreneurial resources | used by people to start businesses |
| entrepreneurship | recognizing a bus opportunity, testing & gathering resources necessary |
| entrepreneur | individual who creates, organizizes & owns a bus |
