Economic Systems

2. This involves protection against uncontrollable risks
9. This keeps the standard of living stable
11. Fixed amount of resources + competition for its use leads to this
12. Under this type of socialism, the government has total control
15. Under this type of socialism, government only has some control
19. This man tried to rid society of classes due to the unfair treatment of the working class
21. This is the work done to produce goods or services
22. This is using resources wisely
25. These are items that are necessary for one's survival
26. This type of econ. system is based on customs and beliefs
27. This is the desire to make a profit
28. This is rivalry among producers of a similar product
29. These are goods that someone desires but doesn't need for survival

1. This is the ability to start new businesses
3. The term Marx used to describe the workers
4. This is the increasing production of goods and services
5. Market systems are also known as this
6. This type of economics deals with decisions making by small units
7. This ensures that an economic system is fair and just
8. Parts of China and this nation are command system economies
10. The # of basic questions there are in economics
13. This econ. system is a mixture of command and market
14. In this type of system, decisions are made by the people
16. This type of economics deals with decisions made by large units
17. In this econ. system, the government is in charge
18. This is goods used to make other goods
20. This factor of production deals with surface land, water, and nature
23. This government document protects a person's right to own private property
24. This type of property is owned by individuals or groups