Economics

4. in this type of economy, economic decisions are based on how economic activity was done in the past
5. the money an individual or business has left after paying expenses
6. this type of economy the government makes all of the decisions and controls factors of production
8. the value of all possessions that a person or country has
9. organizations and individuals who have the right to rule over a group of people
13. a person who organizes, manages and assumes the risk of a business
14. this type of economy features both traditional and command economies
15. the study of citizenship and government

1. when the people consent to being ruled by their elected leaders
2. not enough resources to meet people's wants
3. the written plan of government
4. charge people pay to a government
7. when the people rule directly or elect officials to act on their behalf
10. a system of producing, selling and buying goods and services.
11. this type of economy is where economic decisions are made by people looking out for their own best interests
12. the activity of buying, selling or exchanging goods and services