Economics Vocabulary

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Across
  1. 2. The average age at time of death
  2. 4. The ability to read and write
  3. 7. An economy based around subsistence farming
  4. 9. buy goods in large quantities and sell them to retailers
  5. 12. Government controls the production and distribution of all goods
  6. 14. An industry focused on the construction of goods by hand or machinery
  7. 15. The Wealth and purchasing power of a group
  8. 16. Government owns companies for the benefit of the public
Down
  1. 1. Economic system that has freedom for producers and consumers
  2. 3. An economy that allows for both public and private ownership of businesses
  3. 5. The sale of goods to consumers
  4. 6. A measure for how advanced an economy is
  5. 8. Land that is good for farming
  6. 10. A country's human resources
  7. 11. Condition where there is not enough product to meet the demand for the product
  8. 13. Manmade resources that a country uses to produce goods and services