Across
- 2. the structure a society uses to produce, distribute, and consume goods and services answering what, how, and for whom to produce
- 4. an economic system combining private and public enterprise.
- 6. an economic model characterized by private ownership, minimal government intervention, and market-driven decisions based on competition, supply, and demand
- 7. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Down
- 1. the fair and just distribution of resources, opportunities, and wealth within a society
- 3. an economy in which production, investment, prices, and incomes are determined centrally by a government.
- 5. a system based on customs, history, and beliefs, where economic decisions—what to produce how to produce it and for whom are guided by ancestral traditions.
- 6. the income households receive from businesses in exchange for supplying land, labor, capital, and entrepreneurship