Economics Crossword

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Across
  1. 2. This is a man who played a big role in the development of command economics. He had many beliefs and ideas regarding capitalism and equality, and he believed that society should be equal.
  2. 4. This is an organization that was made to promote free trade agreements, and this is an international organization that the United States is a part of. Note: the acronym for this organization is used for this word.
  3. 5. This is a type of economy that has many aspects of free market economics, however it has a bit more government control. The United States has this type of economy.
  4. 7. This is a man who played a very important role in the development of free market economics. He was an economist that had many beliefs regarding how much control the government had over economics and the market, as he supported laissez-faire economics.
  5. 8. This is another reason as to why governments restrict trade. This is an issue that is related to how businesses stand out, as the government wants to make sure that their businesses are succeeding and not overshadowed.
  6. 9. This is a type of economy that allows consumers to have a lot of power in regards to decision making. Consumers and individuals can answer the three basic economic questions and make more decisions regarding the production of goods and services.
  7. 10. This is a type of economy that involves a lot of control by the government. In this economy, the government answers the three economic questions and has a lot of power over the overall economy.
Down
  1. 1. This is a type of economy that focuses on utilizing historical customs in order to dictate the economy. This type of economy is centered around family generations and community.
  2. 3. This is one of the reasons why governments restrict trade. This is an issue that involves protecting the country and is a big consideration when creating trade restrictions.
  3. 6. This is a trade agreement that was made between the United States, Canada, and Mexico. This agreement was made to help promote free trade among these countries. Note: the acronym for this agreement is used for this word.