European Economics Crossword

123456789101112131415161718
Across
  1. 4. one who risks his or her own money, time, ideas, and energy to start and run a business
  2. 6. how many people want the goods available and what they are willing to pay for them
  3. 7. a government order stopping trade with another country to put pressure on the government of that other country
  4. 8. describes an economy where businesses can operate without too many rules from the government
  5. 9. the way a country decides what goods and services will be produced, how they will be produced, and who will consume them
  6. 10. a decentralized market economy
  7. 13. factories, machines, technologies, buildings, and property needed for a business to operate
  8. 14. (1) in a centralized command economy, being told by government what and how much to produce in a certain time; (2) a limit placed on the number of imports that may enter a country
  9. 15. an economy in which centralized planning groups decide what and how goods and services will be produced, distributed, and consumed
  10. 16. an economy in which changes in price guide what and how goods and services will be produced, distributed, and consumed
  11. 18. limited supply of something
Down
  1. 1. an area where there are no tariffs among participating countries; for example, North America (NAFTA) or the European Union(EU)
  2. 2. an economy hat blends characteristics of both command and market economies, but falls closer to one form or the other
  3. 3. ways of limiting trade by tariffs, quotas, or embargoes
  4. 5. an economy in which customs and habits of people of the past decide what and how goods and services are produced, distributed, and consumed
  5. 11. the amount of goods available
  6. 12. workers of a business of country including their education, training, skills, and health
  7. 17. a tax on imports