Across
- 4. This is general name for the voluntary exchange of goods and or services.
- 5. This is a tax on imported goods and is usually designed to protect domestic production of similar goods.
- 9. This is a restriction to regulate international commerce and business.
- 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.
- 13. Abuja is the capital, but Lagos is its largest city.
- 14. This is the name given to an economy that may contain market, command, and/or traditional economic systems.
- 15. This is equipment and factories used in the production of goods and services.
- 17. This country has three capitals- Pretoria, Bloemfontein (judicial), and Cape Town (legislative)- though Johannesburg is its largest city.
- 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.
- 19. This is the social science dealing with the production, distribution, and consumption of goods and services.
- 20. The paper money and coins- sometimes called "cash"- that make up the money supply of a nation.
Down
- 1. This is a person who takes the risk of a new business enterprise.
- 2. The total value of all the goods and services produced within a country in a given year
- 3. This is the general name for an economic system characterized by a central authority which makes major economic decisions.
- 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.
- 7. This country's capital, Nairobi, is close to its southern border with Tanzania.
- 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.
- 10. This is when each worker performs a specific task in production.
- 12. Ability to obtain goods and services before payment, or money lent or made available, both with specific guidelines for repayment.
- 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.
- 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.