Economic Development Vocab Extra Credit

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Across
  1. 5. an economy that is centrally planned by the government
  2. 6. type of farming done for survival
  3. 8. retail sales and tourism are in this level of economic activity
  4. 10. acronym: value of total output of goods/services produced
  5. 11. another name for an economy based on the market determining prices
  6. 14. the exchange of goods and services between two or more entities
  7. 15. level of economic activity uses raw materials to make goods
  8. 16. level of economic activity extracts resources from the Earth
  9. 18. "underlying structure" of a country and its economy
  10. 20. industry where work's done in the home, goods sold locally, & normally low pay
  11. 21. price of something relates to how many people want to buy it
  12. 22. price relates to how much or how little little a product is available
  13. 23. this UN indicator shows econ development using income, literacy and life____
Down
  1. 1. hiring an outside party to do work that was done in house
  2. 2. consulting services and info technology are in this level of activity
  3. 3. a newly ______ country is involved in manufacturing goods
  4. 4. a ____ developed country is also called an emergent nation
  5. 7. noun for in short supply or very limited availability
  6. 9. a more developed country is aka an ____ economy
  7. 12. farming done on large scale for profit
  8. 13. this type of economy relies on old customs and defined roles
  9. 17. has parts of free market and centrally planned economies
  10. 19. group of businesses involved in similar business activities