Across
- 1. The exchange of goods and services between countries.
- 7. A tax on individuals’ earnings collected by the government.
- 8. Services or products provided by the government that are available for everyone.
- 9. A situation where a country imports more goods and services than it exports.
- 10. A system where private individuals own businesses and operate for profit.
- 12. An economic system based on customs, traditions, and barter.
- 16. The increasing interconnectedness of economies worldwide through trade, investment, and technology.
- 17. An economic system where the government plays a significant role in regulating and distributing resources.
- 19. A market structure where a single company dominates an industry.
- 21. Goods and services purchased from other countries.
Down
- 2. Goods and services sold to other countries.
- 3. An economic system where prices are determined by supply and demand with minimal government intervention.
- 4. A tax imposed on imported goods to protect domestic industries.
- 5. The rise in prices of goods and services over time, reducing purchasing power.
- 6. Government decisions on taxation and spending to influence the economy.
- 11. A measure of a country's total economic output.
- 13. The concept of giving up one thing in order to gain something else.
- 14. A legally binding agreement between two or more parties.
- 15. A tax that employers deduct from employees’ wages to fund government programs.
- 18. An economic system combining elements of both capitalism and government control.
- 20. Actions by a central bank to regulate the money supply and interest rates.
- 22. The system where buyers and sellers exchange goods and services.
