CE - O'Connor 2020

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Across
  1. 2. Economic system in which private citizens own all or most of the means of production and decide how to use them
  2. 3. What must be given up to obtain something else that’s desired.
  3. 5. Things we would like to have (i.e. iPhone, Xbox, toilet paper)
  4. 6. Economic system where the government makes all economic decisions
  5. 8. ______________________ looks at decisions made by governments and large corporations (large scale)
  6. 9. What we need for survival (i.e. food, shelter, & clothing)
Down
  1. 1. ______________________ looks at the decisions made by individuals (small scale)
  2. 4. A sacrifice that must be made in order to get certain product or service.
  3. 7. Economic system that combines communism and capitalism
  4. 10. ______________________ occurs when we do not have enough resources for our wants.