Across
- 5. This economic system is characterized by private ownership of resources and businesses, driven by profit and market competition.
- 8. The economic policy of imposing restrictions on imports through tariffs, quotas, or other trade barriers to protect domestic industries.
- 10. An economic system in which prices, production, and distribution of goods and services are determined by the interactions of buyers and sellers in a competitive market.
- 11. An economic system in which the government has significant control over the production, allocation, and distribution of goods and services.
Down
- 1. The process by which businesses, cultures, and economies around the world become increasingly interconnected and interdependent.
- 2. An economic system that combines elements of both market and command economies, with a mixture of private and government control.
- 3. Free trade agreement which created a free trade zone between Canada, the United States, and Mexico.
- 4. The policy of allowing goods and services to be traded across borders without significant government restrictions or barriers.
- 6. The control of the money supply and interest rates by a central bank to regulate economic growth, inflation, and employment.
- 7. The use of government spending and taxation to influence the overall level of economic activity and stabilize the economy.
- 9. The total value of all goods and services produced within a country's borders in a specific time period, often used as an indicator of economic health and growth.