Economic systems – Part 1
Across
- 3. Person who owns and/or manages a large amount of land
- 5. The goods and services produced for sale in the market, alongside the nonmarket production such as education services
- 8. Type of economic system that relies on habit, customs, rituals to guide the factors of production
- 9. Gathering wild vegetation and other nutrients for food
- 11. Used alongside maize grains and woven clothes in exchange for certain items
- 14. Person who works or receives payment for their services
- 16. financial assets that a person or institution owns, or large sum of money used to start a business
- 17. Process through which large numbers of people leave rural areas, resulting in densely occupied cities.
- 18. Predominantly agricultural economies with limited production, division of labor and class variation
- 19. In this economic system, the consumers guide the factors of production
Down
- 1. Related to or belonging to the middle class
- 2. Levying or imposing a tax, including income, capital gains or estate.
- 4. Physical or intellectual items that can be owned by a person or business, whose property can be transferred, sold or shared
- 6. It has some market-based elements and some level of government involvement
- 7. forced labor
- 9. System in the 10th-13th century in medieval societies where a social hierarchy was established
- 10. In the command economies, the _________ decides what should be produced
- 12. Primary sector activity involved in the extraction of natural resources
- 13. Material support or financial aid provided to a work or person
- 15. Act or process of taking control over or appropriating of an area or people