Economics

3. when something has a great amount of people wanting it
5. What is often reduced in command economies?
6. an economic system that combines the elements of a market economy and the elements of a planned economy
9. the process of identifying all your available resources
14. What is the primary characteristic of a command economy?
15. What ideally promotes competition in a market economy
16. the amount of products stored for future sales
18. an economic system where two forces, known as supply and demand, direct the production of goods and services
19. What motivates innovation in a market economy?
20. When we have a source that could give us everything with no limits

1. the physical or financial resources used to produce goods and services
2. What encourages growth in a market economy
4. a group of people organizing the economic system
7. What is the common ownership form in a command economy?
8. What motivates consumers in a market economy?
10. when we have a source that has a limit to its use
11. when believing other things remain constant
12. a factor of production where environment comes to place
13. a business organization, such as a corporation, limited liability company, or partnership
17. Essentials for survival