Economics

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Across
  1. 1. an economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom
  2. 4. a system of exchange whereby one good/service is given in return for another; bartering does not require monetary exchange
  3. 5. the capacity of private citizens to create new businesses independent of government direction or intervention
  4. 6. producing only what is necessary for personal use/survival
  5. 8. an economic model governed by custom, habit, and history
  6. 9. term for one’s financial earnings
  7. 10. the required amount of a specific good that must be produced in a given timeframe
Down
  1. 2. an economic model where government planners make all business and financial decisions
  2. 3. the creation, maintenance, and expansion of businesses outside the control or influence of the government
  3. 7. an economic model which the laws of supply and demand (not government oversight) determine what is produced/consumed and at what cost