Economics crossword

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Across
  1. 2. The economic system in which private individuals own and control resources and businesses.
  2. 4. The system in which the government controls the economy and makes most production decisions.
  3. 6. The total amount of money a country owes to lenders outside its borders.
  4. 8. A tax placed on imported goods to protect domestic industries.
  5. 9. The ability of countries to exchange goods and services freely with minimal trade barriers.
  6. 10. The value of all goods and services produced within a country in a year; often used to measure economic strength.
Down
  1. 1. The process by which economies around the world become more interconnected.
  2. 3. The international organization that helps regulate trade between nations and resolve disputes.
  3. 5. The practice of sourcing goods or services from another country, often to reduce costs.
  4. 7. When a country sells more goods to other countries than it buys from them.