Economics Crossword

3. An economy where individuals and firms own most resources and make production decisions to earn profits.
4. A system where buyers and sellers exchange goods and services with little government control.
8. A rise in the general level of prices over time.
10. A system where private individuals own and control production.
11. A system where the government owns or controls all major industries and decides what to produce.
12. The quantity of a product consumers are willing and able to buy.

1. A type of economy controlled by tradition and custom, often found in rural or developing communities.
2. An economy where wealth is shared and key industries are owned by the state.
5. The study of how individuals, businesses, and governments make choices about resources.
6. The quantity of a product producers are willing and able to sell.
7. A period when the economy shrinks or slows down.
8. The money people earn from working.
9. The total value of all goods and services produced in a country in one year.
10. An economic system where the government owns all resources and controls production.