Across
- 2. Relationship between the production of goods and services and the resources needed to produce them
- 3. The amount of money the federal government has borrowed and not repaid
- 7. The percentage of people who don't have jobs but are actively looking for work
- 8. An economic system where the government owns and operates key businesses that directly affect public welfare(Medical, Education, Infrastructure)
- 10. The study of choices that people, companies, and governments make in how to use resources
- 12. The total value of all final goods and services produced within a country over a period a time
Down
- 1. The process of converting government owned business to private ownership
- 4. A period of rising average prices across the economy
- 5. An economic system known as private enterprise or free market, based on ownership and economic freedom
- 6. An economic system that calls for public ownership with direction of a strong central government
- 9. Economies that use both planned and market-based economic systems
- 10. A financial and social system of how resources flow through society
- 11. A market structure with one company dominating the industry, leaving no room for any significant competitors