Across
- 2. The study of individuals, families, and businesses
- 4. A situation that exists when there are not enough resources to meet human wants
- 5. The study of how individuals and societies satisfy their unlimited wants with limited resources
- 7. An economic system in which people produce and distribute goods according to customs handed down from generation to generation
- 8. A market-based economic system in which the government is involved to some extent (varies country to country)
- 9. An economic system in which individual choice and voluntary exchange direct economic decisions
- 10. The study of the economy as a whole and is concerned with large-scale economic activity
Down
- 1. A ____________________________ analysis is a tool an individual, business, or government can use to help evaluate the relative worth of economic choices.
- 3. What is another name for Free Enterprise?
- 6. What is the public sector of the American Free Enterprise System
- 11. An economic system in which the government makes all economic decisions