Economics

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Across
  1. 2. the land, the laborer, the factory, the entrepreneurship
  2. 5. the inputs used to produce outputs
  3. 8. Even previously communist economies, such as those of Eastern Europe and China, are becoming more mixed as they adopt capitalistic characteristics and convert businesses previously owned by the government to private ownership through a process called..
  4. 10. the means by which a society (households, businesses, and government) makes decisions about allocating resources to produce products and about distributing those products
Down
  1. 1. the study of the production, distribution, and consumption of goods and services.
  2. 3. competition dictates how goods and services will be allocated
  3. 4. relies on both markets and the government to allocate resources.
  4. 6. industries that provide essential services, such as utilities, banking, and health care, may be government-owned. Other businesses are owned privately
  5. 7. The economies of the United States and other countries, such as Japan, are based on this
  6. 9. one in which the government owns all or most enterprises