Across
- 4. Smith: He believed that the free market system was the best way to organize the economy
- 5. A general increase in prices and fall in the purchasing value of money
- 9. Economy: Traditional economy is an original economic system in which traditions, customs, and beliefs help shape the goods and the services
- 10. Rate: The measure of the prevalence of unemployment
Down
- 1. Economy: an economy in which production, investment, prices, and incomes are determined centrally by a government.
- 2. Marx: He provided the ideology behind many command
- 3. The North American Free Trade Agreement is an agreement among the United States, Canada and Mexico designed to remove tariff barriers between the three countries.
- 6. Trade: International trade is the exchange of capital, goods, and services across international borders or territories
- 7. Rate: The percentage of the labor force that is employed
- 8. market economy: an idealized system in which the prices for goods and services are determined by the open market and consumers