Unit 6: Economics Vocabulary

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Across
  1. 3. Bringing goods or services into a country from another country for sale
  2. 6. A person who buys and sells goods.
  3. 7. Things from nature that people can use such as trees, water, air, minerals, animals, etc.
  4. 10. Action of buying and selling goods and services.
  5. 15. An economic system based on customs and beliefs where people tend to do the same work as their parents; exchange of goods is done through bartering.
  6. 17. Sending goods or services to another country for sale
  7. 18. An economic system where individual buyers and sellers make all decisions regarding the buying and selling of goods.
  8. 19. A person who buys goods and/or services.
Down
  1. 1. Relationship between the amount of a good that producers wish to sell at various prices and the amount that consumers wish to buy
  2. 2. Having more than is immediately needed.
  3. 4. Are the people who make and sell your products
  4. 5. Criminals who attack and steal from travelers and who are often members of a gang.
  5. 8. A group of people, especially traders traveling together to provide protection and assistance
  6. 9. Are tangible goods that are used to create additional goods rather than be purchased by consumers
  7. 11. The wealth and resources of a civilization; how people make decisions given the wealth and resources that they have.
  8. 12. Trading without using money
  9. 13. An economic system where the government determines goods produced and sets prices.
  10. 14. The shortage of supply; unlimited human wants in a world of limited resources
  11. 16. A combination of market and command economies; both private businesses and the government make economic decisions
  12. 20. Ancient trade route used to for trade and commerce to various empires and kingdoms