Chapter 17

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Across
  1. 3. more education and training
  2. 4. quality of life
  3. 7. people who buy products from the product market
  4. 8. _____ market where goods and services are exchanged
  5. 9. a major driving factor in a capitalist economy
  6. 10. struggle between buyers and sellers for the best product at the lowest price
  7. 12. capitalism is an economic system in which the factors of production are owned by ___
  8. 13. tools and machinery used to make products
  9. 16. system in which the government owns the productive resources
  10. 19. lawyers, doctors, teachers provide _______ are examples
  11. 20. part of the circular flow model that provides services and collects taxes
Down
  1. 1. act of buyers and sellers willingly engaging in market transactions
  2. 2. breaking a large job into several smaller tasks
  3. 5. person who organizes the factors of production to make a product
  4. 6. average value of each persons production in a year
  5. 11. total value of all goods and services produced in a country
  6. 14. determined by supply and demand
  7. 15. turn factors of production into products
  8. 17. What determines the products that a company produces
  9. 18. household provide _______ to the factor market