Across
- 4. of production - is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit.
- 5. for enterprise - The systems used within the organization. Generally refers to the primary architecture
- 6. –A country run by absolute authority in any sphere.
- 8. resources - the resources used to make goods and services (i.e., natural resources, human resources and capital goods.
- 10. capital- is used simply to purchase goods and services for consumption; capital is more durable and is used to generate wealth through investment.
- 11. especially hard physical work.
- 14. payments- payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.
- 16. sovereignty - the situation in an economy where the desires and needs of consumers control the output of producers.
- 17. cashless economic system in which services and goods are traded at negotiated rates.
- 19. - the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.
- 21. - patriotic feeling, principles, or efforts
- 22. a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
- 24. system- the means by which countries and governments distribute resources and trade goods and services. They are used to control the five factors of production, including: labor, capital, entrepreneurs, physical resources and information resources.
- 27. a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
- 28. - the general level of prices in an economy going down.
- 29. economy - Transactions in the underground economy are illegal either because the good or service being traded is illegal or because an otherwise licit transaction does not comply with government reporting requirements.
- 30. is one of the three factors of production. The others are land, and labor.
- 31. comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations, mineral deposits and forests
- 32. economy - an economic system combining private and public enterprise
- 34. recourses- include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory.
Down
- 1. - political philosophy, movement, or regime that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition.
- 2. economy - economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.
- 3. enterprise- business or industry that is managed by independent companies or private individuals rather than by the state.
- 5. the activity of setting up a business or businesses, taking on financial risks in the hope of profit
- 7. - a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
- 9. capital- already-produced, durable goods or any non-financial asset that is used in production of goods or services
- 12. materials- the basic material from which a product is made.
- 13. resources- It includes patents, copyrights, franchises, goodwill, trademarks, trade names, the general interpretation also includes software
- 15. - an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
- 16. land- land belonging to the British Crown. Land belonging to the state in some parts of the Commonwealth.
- 18. debt - defined as how much a country owes to lenders outside of itself
- 20. system- system that relies on customs, history and time-honored beliefs
- 23. of payment accounts - the record of all economic transactions between the residents of the country and of the world in a particular period
- 25. economy - an economy in which production, investment, prices, and incomes are determined centrally by a government.
- 26. -a general increase in prices and fall in the purchasing value of money.
- 33. added- the amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.