Economics

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Across
  1. 5. a political and economic way of organizing the state and society in which the government owns and controls major industries rather than individual people and companies
  2. 7. the ability of citizens in a society to make economic choices
  3. 11. data used to help measure the health of the economy; common examples include GDP, PPP, HDI, employment numbers, inflation, home sales etc.
  4. 12. a system of centralized political power and economic system in which a single-party or dictatorship abolishes private property and controls the means of production and the distribution of goods and services
  5. 15. how well people live in a town, region, or country in terms of income and wealth
  6. 16. the method used by a society or government to organize production and distribute resources, goods and services
  7. 20. the study of the production, distribution, and consumption of goods and services
  8. 21. economy an economy in which a central government controls production, investment, prices, and incomes
Down
  1. 1. a person who creates and supplies goods or services
  2. 2. successful, flourishing, or thriving
  3. 3. an economic system in which private individuals own and control most of the factors of production
  4. 4. an economic system in which some elements are left to the free market but other parts of managed by the government
  5. 6. intangible items that consumers may purchase (haircuts, dental services babysitting)
  6. 8. an economy free of government regulation
  7. 9. tangible items that consumers may purchase (pens, apples, books)
  8. 10. anything that enables us to produce goods and services; common examples of capital are tools, factories, materials, knowledge, and money
  9. 13. an economic system in which production and prices are determined by supply and demand and unrestricted competition between privately owned businesses.
  10. 14. a person who buys a good or service
  11. 17. the amount that is produced; together with demand will impact price
  12. 18. of production the resources needed to produce a good or service including land, labor, capital, and entrepreneurship
  13. 19. the amount consumers want to buy; together with supply will impact price