Economic Systems

3. This type of economy is driven by private ownership and free markets.
5. A good or service brought into a country from abroad.
6. Government-owned and controlled economic system, often seen in socialist or communist countries.
8. This economic system is based on customs, traditions, and beliefs.
9. Agreement between Canada, Mexico, and the U.S. to reduce trade barriers.
10. The U.S. has this kind of economy, blending free market with some government regulation.

1. When a country sells goods to another country, it's called this.
2. A measure of the total value of all goods and services produced in a country.
4. The economic relationship where countries rely on each other for goods and services.
7. This global group promotes free trade by reducing tariffs between member countries.