Introduction to Economics

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Across
  1. 2. A type of resource that are people who create products and provide services.
  2. 5. A company or government that needs money can sell these. An owner of these is paid interest and on a certain future date, gets back the amount he or she paid for the ___.
  3. 8. A type of resource that are materials from nature that are used to produce goods and services.
  4. 10. A type of good that is used immediately or within three years and have to be replaced.
  5. 11. A type of account to keep money that will be used to pay bills or make purchases.
  6. 13. The abbreviation for a type of account that a person deposits money for a certain amount of time and earns interest. The larger the amount of time, the higher the interest rate.
  7. 14. The amount of product people want.
  8. 16. A type of account that requires larger amounts of money in them and earn higher interest than regular accounts.
  9. 18. An economy based on consumer needs for goods and services. Demand dictates production and price. Citizens are free to develop businesses,so there is a wide choice of goods and services.
  10. 19. Allows a stockholder to "own" a small portion of a company. A stock-holder receives the right to part of the company's profits.
  11. 20. An economy where the government controls resources and industries. It determines which goods and services are produced, the amount of goods produced and services available, and who receives them.
  12. 21. A type of goods that are used to make other goods. (also known as producer goods.)
  13. 22. A type of resource that are produced and used to make other goods or provide services.
Down
  1. 1. A type of good that is expected to last more than three years.
  2. 3. Materials that are available to produce goods and provide services. There are several different kinds.
  3. 4. A type of goods made for use by individuals to meet their needs and wants.
  4. 6. A type of account that is a place to keep money and earn interest on it.
  5. 7. A system that controls the way the country organizes its money and resources to produce and distribute goods and services to satisfy peoples wants and needs.
  6. 9. An economy based on family and/or community and customs. Work methods and tools change little over time.
  7. 12. Products people use or consume. There are several different types.
  8. 15. An economy that is a combination of market economy and command economy. The involvement of privately owned companies and the government are both important to economic success.
  9. 17. Amount of money needed to buy a product or service.
  10. 19. The amount of product available for purchase.