Unit 2 Crossword

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Across
  1. 1. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
  2. 2. economic system in which the allocation of scarce resources, and other economic activity, is the result of ritual, habit, or custom
  3. 4. gross domestic product on a per person basis; can be expressed in current or constant dollars
  4. 6. economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy
  5. 8. shift of an economy, or part of an economy, from private ownership to government ownership
  6. 10. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
  7. 13. number of people per square mile of land area
  8. 14. economic system in which the allocation of scarce resources, and other economic activity, is the result of ritual, habit, or custom
  9. 16. economic system characterized by a central authority that makes most of the major economic decisions
Down
  1. 1. economic system in which supply, demand, and the price system help people allocate resources and make the WHAT, HOW, and FOR WHOM to produce decisions; same as free enterprise economy
  2. 3. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
  3. 5. economic and political system in which factors of production are collectively owned and directed by the state; a theoretically classless society in which everyone works for the common good
  4. 7. requiring large amounts of capital in relation to labor.
  5. 9. economic system in which private citizens own and use the factors of production in order to generate profits
  6. 11. conversion of state-owned factories and other property to private ownership
  7. 12. distribution
  8. 15. lack of movement