ECONOMICS

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Across
  1. 4. This is general name for the voluntary exchange of goods and or services.
  2. 5. This is a tax on imported goods and is usually designed to protect domestic production of similar goods.
  3. 9. This is a restriction to regulate international commerce and business.
  4. 11. This is the way in which a society deals with the production, distribution, and consumption of goods and services.Example: Market Economy, Mixed Economy, Planned Economy, etc.
  5. 13. Abuja is the capital, but Lagos is its largest city.
  6. 14. This is the name given to an economy that may contain market, command, and/or traditional economic systems.
  7. 15. This is equipment and factories used in the production of goods and services.
  8. 17. This country has three capitals- Pretoria, Bloemfontein (judicial), and Cape Town (legislative)- though Johannesburg is its largest city.
  9. 18. This is the term that is used to describe the percentage of people in a country who have the ability to read and write.
  10. 19. This is the social science dealing with the production, distribution, and consumption of goods and services.
  11. 20. The paper money and coins- sometimes called "cash"- that make up the money supply of a nation.
Down
  1. 1. This is a person who takes the risk of a new business enterprise.
  2. 2. The total value of all the goods and services produced within a country in a given year
  3. 3. This is the general name for an economic system characterized by a central authority which makes major economic decisions.
  4. 6. This is an economy in which the government- ideally- has nothing to say about what, how, and for whom goods are produced; the factors of production are privately owned.
  5. 7. This country's capital, Nairobi, is close to its southern border with Tanzania.
  6. 8. This is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.
  7. 10. This is when each worker performs a specific task in production.
  8. 12. Ability to obtain goods and services before payment, or money lent or made available, both with specific guidelines for repayment.
  9. 16. Although it has many definitions, this is generally the act of providing funds to a financial organization for the purposes of making that organization more profitable, while earning a personal profit at the same time.
  10. 19. This is the process of prohibiting commerce and trade with another country. This is often done to affect the country to change an internal policy.