Economics Review Crossword!

5. One positive of capitalism is that is creates _________ between corporations, resulting in better products at cheaper prices.
7. An economic system that is capitalist yet provided healthcare/education to the poor is called _____ capitalism.
8. America has the _______ highest GDP in the world.
9. The percentage of income that is profit, measured year to year
10. What GDP stands for (GDP is the measure of the total worth of the total goods of the economy THAT YEAR).
16. An economy that has parts of one economic system and parts of another is a ______ economy.
18. One of the factors of production; this is the term for the actual people who do the work.
19. The amount of money you have from income AFTER taxes/wages/expenditures.
20. One of the factors of production; also called resources.
21. This negative of capitalism results in a single corporation cornering (controlling) the market on a good.

1. An economy that uses supply and demand to determine price is a ______ economy.
2. AN economy that has the government determine pricing is a ______ economy.
3. An economic theory that private industry should control both land and capital. It is also the primary economic system of America.
4. An economic system that is capitalist and has NO government input is called _________ capitalism.
6. How badly (or how much) the public wants an item.
11. How much of something is put into the market
12. One knock of capitalism is that it can create income _______...for example, America's top 1% controls 35-40% of the wealth.
13. This negative of capitalism happens when a single firm has too much power, resulting in lower wages for employees.
14. One positive of capitalism is that economic freedom usually means more _________ freedom.
15. One of the factors of production; this is what we call factories, tools, raw materials, etc.
17. An economic system that is capitalist but controlled by the government is called _____ capitalism.