Core Concepts 5 Vocab

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Across
  1. 5. economic system where the central government makes all economic decisions
  2. 7. money earned by selling goods and services
  3. 8. decline in economic growth over six or more months
  4. 9. prices decrease over time
  5. 15. economic growth or increase in living standards
  6. 16. struggle among producers for consumers' money
  7. 17. study of how people meet their wants and needs
  8. 19. people or businesses that buy products
  9. 21. limited resources to meet unlimited wants
  10. 22. economic system where individual consumers nd producers make economic decisions
  11. 23. money a company has left after subtracting the costs of doing business
Down
  1. 1. concentrating on a limited number of goods or activities
  2. 2. refers to the goods and services available to average citizens
  3. 3. cost of what you have to give up to get something
  4. 4. country with a strong economy and high standard of economy
  5. 6. economic system that combines elements of other systems
  6. 10. economic system where people made economic decisions based on customs and habits
  7. 11. amount of good or service available
  8. 12. people or businesses that make and sell products
  9. 13. desire for a certain good or service
  10. 14. factor that encourages people to act in a certain way
  11. 18. prices increase over time
  12. 20. organized way for producers and consumers to trade goods and services