5.1 Lesson and Vocab

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Across
  1. 5. a word used in economics to define the inputs required in the production of products or services in order to generate a profit.
  2. 6. make private
  3. 8. a system for organizing and distributing available resources, services, and products throughout a geographic region or country by societies or governments.
  4. 10. a system that incorporates elements of capitalism and socialism.
Down
  1. 1. If the economic system is based only on voluntary transaction and supply and demand laws.
  2. 2. a system for dealing with money and wealth
  3. 3. a political and economic system in which property and means of production are shared and controlled by the state or government.
  4. 4. the field of study that deals with the creation, consumption, and transfer of wealth.
  5. 7. a political and economic system aimed at establishing a classless society in which the public owns and controls the key means of production, such as mines and factories.
  6. 9. Something comes from or may be derived from a certain place, person, or item.