Across
- 5. Based on customs and historical precedent
- 6. Has private ownership of property and resources, competition, profit motive, and individual choice
Down
- 1. creating a free trade zone in Canada, Mexico, and the U.S.
- 2. an early economist, believed the free market was the best way to organize a economy
- 3. combines the competition, self-interest, and profit motive of free-market economies with the government regulations and restrictions of command economies
- 4. provided the ideology behind many commands economies
- 7. an economic system that is centrally controlled by a powerful government