Across
- 3. an economic system based on mixing government and private control and ownership of the means of production
- 10. the primary source of income for government
- 13. an economic system guided by supply & demand and private ownership of the means of production
- 15. an economic system guided by customs, agricultural, hunting, gathering, & barter
- 16. an economic system characterized by total government ownership and control of the means of production
- 17. natural resources factor of production
- 18. the total amount of a good or service
Down
- 1. the choice given up
- 2. money, tools, & machinery
- 3. the problem of unlimited wants vs. limited resources
- 4. the amount of money left after expenditures
- 5. an intangible activity that is bought, sold, & provides utility
- 6. work or workers
- 7. the consumer’s willingness to pay for a good or service
- 8. father of capitalism
- 9. someone who risks their capital to start a business
- 11. something that is tangible, bought, sold, satisfies want, and provides utility
- 12. father of communism
- 14. when a company gains control of an entire market