Chapter 6: Economics

2. Companies owned and controlled by the government and paid for through taxes, like those in Canada.
5. Imposed rules or restrictions backed by government penalties to manage private sector practices.
7. A temporary work stoppage used by employees to pressure management during a contract dispute.
8. Financial assistance, grants, or tax breaks given by a government to protect or encourage business growth.
12. The social studies value that represents what is genuinely best for society as a whole.
13. An economic system where the government makes all decisions regarding the three basic economic questions.
15. When one single producer gains complete control over the entire supply of a product or service.
16. A state of economic stability where supply perfectly balances with consumer demand.
17. The factor of production that represents the human effort and workers needed to produce a good.
18. The phase in the business cycle representing a dramatic economic downturn.
20. An economic system with an economic spectrum position that values absolute individualism and no government control.
21. An economic and social value that prioritizes the group, cooperation, and the public good over individual interests.
22. The core capital value prioritized by market economies, emphasizing self-reliance over cooperation.

1. An organization of workers acting together in solidarity to protect workplace rights and safety standards.
3. Negotiating as a unified group to establish fair wages and working conditions.
4. The fundamental factor of production that includes natural resources like renewable and non-renewable energy.
6. The resources and processes involved in the production, distribution, and consumption of goods and services.
9. The percentage of the active workforce that is out of work but actively searching for a job.
10. A shift on the economic spectrum towards greater government intervention and public programs.
11. How a society organizes itself to solve the problem of scarcity by answering three basic questions.
14. A regular rival "fight" among multiple producers to win over consumers.
18. A high peak of growth and activity in the business cycle.
19. Limited resources trying to satisfy unlimited consumer needs and wants.