Economics in Europe

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Across
  1. 3. the level of wealth and material comfort available to people
  2. 5. The process of making products by using machinery and factories.
  3. 8. economic and political union of 29 European nations
  4. 10. an economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom
  5. 12. Economy an economic system that blends characteristics of command and market economies
  6. 13. an economic system that relies on fishing, farming, hunting and gathering; guided by traditions; bartering instead of money
  7. 14. any government restriction on international trade
  8. 15. the factories, machinery, technology, etc. that are necessary to sustain a service or industry
  9. 16. a limit on the number of imports allowed into a country
  10. 19. the quality of human resources; workers
  11. 20. a system of exchange whereby one good/service is given in return for another; bartering does not require monetary exchange
Down
  1. 1. an economic model which the laws of supply and demand (not government oversight) determine what is produced/consumed and at what cost
  2. 2. a government tax on imports
  3. 4. the total value of goods produced and services provided in a country during one year.
  4. 6. someone who starts or runs a business
  5. 7. focusing on a narrow range of products/services that can be produced most efficiently and cost-effectively
  6. 9. a government order to stopping trade with another country
  7. 11. an economic model where government planners make all business and financial decisions
  8. 17. common currency of most European Union member states; those E.U. nations currently using the euro are referred to collectively as the Eurozone
  9. 18. the percent of a nation's population over the age of 15 who are able to read and write