Unit 4: Regions and Economics

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Across
  1. 3. the capital raised by a business or corporation through the issue and subscription of shares.
  2. 4. the capital raised by a business or corporation through the issue and subscription of shares.
  3. 5. people and businesses manufacture, or make, finished products from raw materials.
  4. 8. The work that people do is based on long-established customs.
  5. 10. an estimate of income and expenditure for a set period of time.
  6. 12. bring (goods or services) into a country from abroad for sale.
  7. 14. are primary activities that focus on growing crops and raising livestock.
  8. 16. send (goods or services) to another country for sale.
  9. 17. a person who purchases goods and services for personal use.
  10. 18. a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
  11. 19. is based on private ownership, free trade, and competition. Individuals and businesses are free to buy and sell what they wish, with little interference from the government. Prices are determined by the supply and demand for goods.
Down
  1. 1. The government controls the economy, what goods and services to produce, how much to produce, and how goods and services are distributed. They also set the wages/prices.
  2. 2. (GDP is the value of all goods and services produced within a country in a single year.
  3. 6. under this system, you are free to exchange goods and services and choose careers, operate your own enterprises, or businesses, with little government intervention.
  4. 7. is a system of producing, selling, and buying goods and services.
  5. 9. is when there are not enough resources to meet people’s wants.
  6. 11. Interdependence happens when producers in one nation depend on others to provide goods and services that they don’t produce.
  7. 13. Combines elements of traditional, market, and command economic systems. Examples: communist, capitalist, and socialist.
  8. 15. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
  9. 20. an official ban on trade or other commercial activity with a particular country.