Economics Vocabulary Review
Across
- 3. country’s roads, railroad tracks, electric power plants, and telephone and internet systems
- 6. Number of items consumers want to purchase
- 8. Number of items ready for sale
- 9. How long the average person lives
- 11. the total dollar value of all final goods and services produced in a country during a single year.
- 13. Percentage of people who can read and write
- 14. Resources provided by Earth
- 15. product that is sent out of a country to another country
- 16. type of money
- 18. Items that can be bought and sold
- 20. Study of how things are bought and sold
- 21. product that is brought into a country from another country
- 22. people and business own their own businesses and decide what to produce and what to consume
Down
- 1. meeting the immediate needs of the people who follow traditions and customs of their ancestors
- 2. Resources provided by people
- 4. Goods made and used to produce other goods and services
- 5. Focusing on producing goods and services one makes best
- 7. Total value of goods and services produced by an average person
- 10. government or rulers makes all the decisions
- 12. When there is not enough of something to meet the needs and wants of society
- 17. Growth in free trade between countries
- 19. Actions that one person or group does for another in exchange for payment