SS9 Chapter 6- Economics

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Across
  1. 3. a group of people working toward collaborative or common goals
  2. 6. A person who purchases products or services
  3. 9. When an economy looses government involvement
  4. 13. exclusive ownership through legal privilege, command of supply, or concerted action
  5. 15. all values are human-centred, the individual is of supreme importance, and all individuals are morally equal
  6. 16. An organized refusal of work done by employees as a way of protest
  7. 17. a social science concerned with description and analysis of the production, distribution, and consumption of goods and services
  8. 19. The rivalry between two or more businesses, competing for consumers
  9. 20. An economy where the government has full control on allocation of resources and what's produced.
  10. 21. a factor of production similar to labor as one of the crucial elements in creating goods and services
  11. 22. A business owned by the government
  12. 24. An economy that has both government and individual involvement
Down
  1. 1. a factor of production provided by workers
  2. 2. Something owned by the government
  3. 4. the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment
  4. 5. When an economy gains more government involvement
  5. 7. A good or service whose consumption by one person does not exclude consumption by others, used for the betterment of a society (equal thingies, collectivism)
  6. 8. does not have a share structure through which it raises capital, or its shares are being held and traded without using an exchange
  7. 10. The amount of interest/ want in a product from consumers
  8. 11. a state in a market-based economy in which economic forces – such as supply and demand – are balanced
  9. 12. A business or person who provides a good or service
  10. 14. An economy where supply and demand, controlled by consumers, dictate what producers produce
  11. 16. The amount of product available
  12. 18. When there isn't enough product to meet demand, ________ occurs.
  13. 23. A factor of production, the physical or financial resources used to produce value in an economy