Vocabulary Puzzle

3. – Goods and services that are essential for survival.
6. – Relating to the production, consumption, and transfer of wealth.
9. – An economy where the government makes all the economic decisions.
11. – Desires for goods and services that are not necessary for survival.
12. – An activity done for others in exchange for payment.
15. – The total value of goods and services produced in a country in a year. Tariffs – Taxes placed on imported goods.
16. of Living – The degree of wealth and comfort available to a person or community.
17. – Systems of money in general use in a country.
18. – An economy based on customs, traditions, and beliefs.
20. – An official ban on trade with a particular country.
21. – A range with no clear divisions between one extreme and another.

1. Capital – The skills, knowledge, and experience possessed by an individual or population.
2. Barriers – Government-imposed restrictions on trade between countries.
4. Systems – The method a country uses to produce and distribute goods and services.
5. Economy – An economy combining private and public enterprises.
7. – Physical items that are produced and sold.
8. – An economy where decisions are made by individuals or the open market.
10. – The action of putting money or resources into something to make a profit.
13. – Focusing on the production of a limited range of goods or services.
14. Rates – The percentage of people in a country who can read and write.
19. – A limit on the amount of a product that can be imported or exported.