ECONOMICS

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Across
  1. 4. How much of a good or service is available to use.
  2. 5. An economic system consisting of a mixture of markets.
  3. 7. Work or workers
  4. 8. When there is to much of something.12) MarketEconomy Economic system in which companies are not controlled by the government but decide what they want to produce or sell, based on what they believe they can make a profit from.
  5. 11. Work that is done for other people. Example: Barber, Repairman, Policeman
  6. 14. Economic system where most economic decisions are based on customs and history.
  7. 16. A political and economic ideology based on communal ownership and the absence of class.
  8. 17. when something is rare or there is a shortage of something.
Down
  1. 1. An economic system in which capital goods are owned by private individuals or business partners.
  2. 2. People and their health, education, experience, training, skills and values.
  3. 3. Anything that has economic utility or satisfies an economic need or desire. Example: Personal Property, Food
  4. 6. Economic system in which government planning groups make the basic economic decisions.
  5. 9. A service or other asset used to produce goods and services that meet human needs and wants. Can be Land, Labor or Human resources.
  6. 10. The study of the production (making), distribution (getting) and consumption (using) of goods.
  7. 12. A populist economic and political system in which the means of production operate under public political ownership.
  8. 13. Anything from nature that is used in the production of goods,
  9. 15. How much of a good or service is needed or demanded.