Across
- 2. of payment accounts - the record of all economic transactions between the residents of the country and of the world in a particular period
- 4. - political philosophy, movement, or regime that has very radical ideas and pushes to the extreme
- 6. recourses- include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory.
- 11. is one of the three factors of production. The others are land, and labor.
- 13. system- system that relies on customs and history
- 14. resources - the resources used to make goods and services ex. natural resources, human resources and capital goods.
- 16. sovereignty - the situation in an economy where the desires and needs of consumers control the output of producers.
- 17. 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.
- 18. A society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
- 20. - the general level of prices in an economy going down.
- 21. the activity of setting up a business or businesses, taking on financial risks in the hope of profit
- 25. for enterprise - The systems used within the organization. Generally refers to the primary architecture
- 26. - a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
- 29. system- the means by which countries and governments distribute resources and trade goods and services.
- 31. - 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.
- 32. economy - an economic system combining private and public enterprise
- 33. - patriotic feeling, principles, or efforts
- 36. economy - Transactions in the underground economy are illegal either because the good or service being traded is illegal.
Down
- 1. payments- payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.
- 3. materials- the basic material from which a product is made.
- 5. land- land belonging to the British Crown. Land belonging to the state in some parts of the Commonwealth.
- 7. -a general increase in prices and fall in the purchasing value of money.
- 8. enterprise- business or industry that is managed by independent companies or private individuals rather than by the state.
- 9. debt - How much a country owes
- 10. cashless economic system in which services and goods are traded at negotiated rates.
- 12. especially hard physical work.
- 15. –A country run by absolute authority in any sphere.
- 19. capital- is used simply to purchase goods and services for consumption
- 22. - the effectiveness of productive effort
- 23. added- the amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.
- 24. resources- It includes patents, copyrights, franchises, goodwill, trademarks, trade names, the general interpretation also includes software
- 27. 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.
- 28. 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.
- 30. economy - an economy in which production, investment, prices, and incomes are determined centrally by a government.
- 34. comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations, mineral deposits and forests
- 35. capital- already-produced, durable goods or any non-financial asset that is used in production of goods or services