Exploring Economics

7. A continued rise in the prices or the supply of money. Money buys less.
8. The act of running a business and taking on the risks of that business.
9. An economic system in which each person, or individual, makes choices about what to make, sell, and buy.
10. The growth of free (not regulated) trade between countries.
12. What is given up, such as time or money, to make or buy something.
13. A good brought into a country from another country.
14. The amount of something that a consumer wants to buy.
15. A good sent from one country to another in trade.
16. The amount of a good or service that a producer wants to sell.
17. An economic system in which the government has some control over what and how much is made. Individuals make the rest of the choices.

1. A period of slow economic growth or decline.
2. obstacle that prevents movement or access.
3. Money and goods used to help people make or do things.
4. The lack of a resource.
5. An economic system in which a central government decides what goods will be made and who will receive them.
6. An economic system in which custom decides what people do, make, buy, and sell.
11. To trade by exchanging one good or service for another.