ECONOMICS VOCABULARY
Across
- 3. resources raw materials used to make goods
- 4. money, buildings, machines, supplies needed by a business
- 6. system for producing, distributing, and consuming goods and services
- 9. private ownership of business, citizens control factors of production
- 14. high unemployment, low literacy rate and GDP, poor health care
- 15. workers who create goods or perform services
- 18. owners and workers
- 20. people who perform an act for others
- 21. central control/ownership of industry, sets wages and prices
Down
- 1. makes products from natural resources
- 2. people who start businesses
- 5. sale of goods in large quantities to retailers
- 7. nation which has good employment, education, and health care, high GDP
- 8. ability to read and write
- 10. takes natural resources form the earth
- 11. sale of goods to individual consumers in small quantities
- 12. death rate of babies under age of one
- 13. products made in an economy
- 16. people who buy goods and services
- 17. total measure of the value of all goods and services for a country
- 19. total government control of all factors of production, classless society
- 22. act performed for others like doctors, teachers, police