Across
- 2. Economic system in which private citizens own all or most of the means of production and decide how to use them
- 3. What must be given up to obtain something else that’s desired.
- 5. Things we would like to have (i.e. iPhone, Xbox, toilet paper)
- 6. Economic system where the government makes all economic decisions
- 8. ______________________ looks at decisions made by governments and large corporations (large scale)
- 9. What we need for survival (i.e. food, shelter, & clothing)
Down
- 1. ______________________ looks at the decisions made by individuals (small scale)
- 4. A sacrifice that must be made in order to get certain product or service.
- 7. Economic system that combines communism and capitalism
- 10. ______________________ occurs when we do not have enough resources for our wants.