Economics

3. workers who produce the goods
6. an economic system in which buyers and sellers make free choices in the marketplace
7. an economic system in which the central government directs all major economic decisions
12. a socialist who is committed to democracy but wants government involvement in the distribution of wealth
13. the study of how people and nations use their limited resources to attempt to satisfy wants and needs
15. people who make goods and services to sell
18. decisions made by the market
20. risk-taking individuals who use or combine other factors of production in search of profit
21. the opportunity to control one's own economic decisions

1. decisions according to customs
2. French term describing the philosophy that government should keep its hands off the economy
4. capitalists who own means of production
5. an economic system in which the government owns the basic means of production, distributes the products and wages, and provides social services such as health care and welfare
8. a system in which the government regulates private enterprise ; often combines elements of Capitalism and Socialism
9. decisions made by government
10. people who purchase and use goods and services
11. the work people do/the workers themselves
14. an economic system that emphasizes freedom of choice and individual incentive
16. the money or resources necessary to purchase/invest in production
17. natural materials (land/water), human resources (knowledge/labor needed)
19. people who get products to buyers