Across
- 2. Economic system in which the central government controls all production and distribution decisions
- 5. Economic system based on customs and habits passed down through generations
- 7. General rise in prices across an economy that reduces purchasing power over time
- 8. Goods and services brought into a country from abroad for sale or use
- 10. Situation where a country exports more than it imports resulting in a trade advantage
Down
- 1. System where prices and production are determined by supply and demand with little government interference
- 3. Process of increasing economic integration and interdependence among world nations
- 4. Tax placed on imported goods to protect domestic industries from foreign competition
- 6. Economic system characterized by private ownership and competition in a free market
- 9. Exchange of goods and services between nations that connects the global economy