Economics of Culture

3. Economy an economic system in which custom decides what people do, make, buy, and sell.
5. are goods brought into a country from another country.
8. is a continued rise in prices or the supply of money.
9. is the ability of people to do work.
11. the amount of good or service that a producer wants to sell.
13. are goods sent out of one country to another in trade.
15. is a period of slow economic growth or decline
16. money and goods used to help people make or do things.
17. the amount of something that a consumer wants to buy.

1. is to trade by exchanging one good or service for another.
2. is the growth in free trade between countries.
4. Cost is what is given up, such as time or money to make or buy something.
6. is using knowledge in a practical way to accomplish a task, it can make the task easier and cheaper to create goods.
7. the act of running a business and taking on the risk of that business.
10. is the lack of a resource
12. is a skilled person who has mastered a subject
14. Economy is an economic system in which a central government decides what goods will be made and who will receive them