Across
- 4. No true__________ or free _________ economy exists (same word in both blanks)
- 5. Businesses trying to provide the best products and services at the lowest prices
- 10. Cars, clothing, electronics, and steel are examples of this
- 13. Flying mammal
- 14. Economic & political system where a country's trade & industry are controlled by private owners for profit
- 17. The average income earned per person in a given area per year (3 words)
- 19. A downturn in economic activity
- 20. When the government owns the productive resources in a society, and controls the distribution of goods
Down
- 1. Goods that are leaving, or exiting a country
- 2. Goods that are coming in to a country
- 3. The total value of goods and services produced by a country in a given year (abbreviation)
- 6. Most modern economies are this
- 7. Money demanded by a govt. for its support or for specific services, collected from incomes, sales, etc.
- 8. A rise in prices of goods and services
- 9. Man's best friend
- 11. The amount of a product available and the desire of buyers for it (3 words)
- 12. Large marsupialSocialism When the productive resources in a society are owned by the people, and distributed equally
- 15. A tax imposed on imported goods
- 16. Has a trunk
- 18. Healthcare, education, and banking are examples of this term
- 21. Likes to chase mice