Across
- 3. more education and training
- 4. quality of life
- 7. people who buy products from the product market
- 8. _____ market where goods and services are exchanged
- 9. a major driving factor in a capitalist economy
- 10. struggle between buyers and sellers for the best product at the lowest price
- 12. capitalism is an economic system in which the factors of production are owned by ___
- 13. tools and machinery used to make products
- 16. system in which the government owns the productive resources
- 19. lawyers, doctors, teachers provide _______ are examples
- 20. part of the circular flow model that provides services and collects taxes
Down
- 1. act of buyers and sellers willingly engaging in market transactions
- 2. breaking a large job into several smaller tasks
- 5. person who organizes the factors of production to make a product
- 6. average value of each persons production in a year
- 11. total value of all goods and services produced in a country
- 14. determined by supply and demand
- 15. turn factors of production into products
- 17. What determines the products that a company produces
- 18. household provide _______ to the factor market