Chapter 2, Period 3 (Bao Tran Nguyen, Aaron Younessi, Maximus Garcia, and Isabelle Ong)

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Across
  1. 3. Economic security or financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future.
  2. 7. is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency
  3. 12. The value of the shares issued by a company.
  4. 13. Individuals have this when property they acquire without the use of force, fraud, or theft is protected from physical invasions by others and they are free to use, exchange, or give their property as long as their actions do not violate the identical rights of others.
  5. 16. is a good or service that can be consumed by many people at once and that other people cannot be prevented from using.
  6. 17. an economy in which production, investment, prices, and incomes are determined centrally by a government.
  7. 18. a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
  8. 19. Measure in comfort in terms of goods and services available
  9. 20. an economic system in which private business operates in competition and largely free of state control.
Down
  1. 1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
  2. 2. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
  3. 4. an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
  4. 5. An economy in which production, investment, prices, and incomes are determined centrally by a government.
  5. 6. are expenditures for which the government receives no good, service, or resource in return.
  6. 8. an increase in the amount of goods and services produced per head of the population over a period of time.
  7. 9. consists of one or more people who live in the same dwelling and share meals.
  8. 10. The ratio of the useful work performed by a machine or in a process to the total energy expended or heat taken in.
  9. 11. is the place where supply and demand of final goods interact with each other.
  10. 14. A for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services.
  11. 15. comprises all naturally occurring resources as well as geographic land.