Understanding Key Economic and Government Terms

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Across
  1. 4. The study of the rights and responsibilities of citizens.
  2. 6. of Living How comfortable and well-off people are in a country.
  3. 7. Materials Natural resources used to make products.
  4. 9. A tax on goods brought into a country from another country.
  5. 13. Exchange A specific marketplace where stocks are bought and sold.
  6. 14. A government where people have the power and vote for leaders.
  7. 17. A government order stopping trade with another country.
  8. 19. A government led by religious leaders and based on religious laws.
  9. 20. An economic system where people own businesses and property.
  10. 23. A government where one person has all the power.
  11. 24. A system where the government owns all property and businesses, and everyone shares what is produced.
  12. 27. When prices increase and money buys less than before.
  13. 28. Government A government whose powers are restricted by laws or a constitution.
  14. 29. and Demand The idea that prices depend on how much of something is available and how much people want it.
  15. 30. Economy An economy where the government decides what goods are made and their prices.
  16. 31. Market A place where people buy and sell shares of companies.
  17. 32. Debt The total amount of money a government owes.
Down
  1. 1. A government where leaders control every part of people’s lives.
  2. 2. The ability to start and run new businesses.
  3. 3. The written rules and laws for how a government works.
  4. 5. Money or equipment used to make more goods or services.
  5. 8. Domestic Product The total value of goods and services a country produces in a year.
  6. 10. of Production The resources needed to make goods and services: land, labor, capital, and entrepreneurship.
  7. 11. An economic system where the government owns some businesses and property.
  8. 12. A government where people elect representatives to make decisions for them.
  9. 15. A large business owned by many people who share the profits.
  10. 16. Force All the people in a country who are able and willing to work.
  11. 18. Economy An economic system where people and businesses decide what to make and sell.
  12. 21. Rate The percentage of people in a country who can read and write.
  13. 22. Development Index A measure of how healthy, educated, and wealthy people are in a country.
  14. 25. Cost The next best thing you give up when you make a choice.
  15. 26. Government A government where leaders have no limits on their power.