Across
- 2. total halt/stop on trade, usually for political reasons
- 5. Exchange trading 1 country’s money for another
- 8. tax on imports
- 10. when someone takes a risk to start a business
- 11. Economy type of economy where economic decisions are made totally by the government
- 12. Capital investments in people to make them better workers (i.e. education, training, healthcare)
- 14. Rate amount of people that can read & write in a country
- 16. of Living level of material comfort
Down
- 1. Economy type of economy where economic decisions are based on customs & traditions. Jobs are usually passed down through generations; found in remote areas; use “bartering” & “subsistence farming”
- 3. making the products your country can produce most efficiently to trade on the world market
- 4. limit on imports
- 6. Resources something that comes from the earth that people use to meet their needs (ex. oil, diamonds, gold, and water; in Africa these natural resources are unequally distributed)
- 7. Economy type of economy that blends more than 1 type of economic system. Usually part market & part command. This allows countries to still make money (market piece) while having laws that protect consumers & business owners (command piece).
- 9. Domestic Product (GDP) total value of a country’s goods & services in a year
- 13. Economy type of economy where economic decisions are driven by consumers & business owners (no government involvement at all)
- 15. Goods investments in factories, machines, technology (things people need to do their jobs better)