Economics

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Across
  1. 1. --- economy is an economic system in which individual choice and voluntary exchange direct economic decisions.
  2. 5. An economic revolutionary's last name.
  3. 7. --- is an economic system in which the government owns all the factors of production and there is little or no political freedom.
  4. 8. --- economy is an economic system in which families, clans or tribes make economic decisions based on customs and beliefs followed by generations.
Down
  1. 2. --- systems require absolute obedience to those in power.
  2. 3. In the ---- economy, leaders decide what should be produced, for whom it should be produced and how should it be produced.
  3. 4. This part of Korea still have economies with mostly command elements.
  4. 6. --- is an economic system in which the government owns some or all of the factors of production.