Across
- 3. the level of wealth and material comfort available to people
- 5. The process of making products by using machinery and factories.
- 8. economic and political union of 29 European nations
- 10. an economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom
- 12. Economy an economic system that blends characteristics of command and market economies
- 13. an economic system that relies on fishing, farming, hunting and gathering; guided by traditions; bartering instead of money
- 14. any government restriction on international trade
- 15. the factories, machinery, technology, etc. that are necessary to sustain a service or industry
- 16. a limit on the number of imports allowed into a country
- 19. the quality of human resources; workers
- 20. a system of exchange whereby one good/service is given in return for another; bartering does not require monetary exchange
Down
- 1. an economic model which the laws of supply and demand (not government oversight) determine what is produced/consumed and at what cost
- 2. a government tax on imports
- 4. the total value of goods produced and services provided in a country during one year.
- 6. someone who starts or runs a business
- 7. focusing on a narrow range of products/services that can be produced most efficiently and cost-effectively
- 9. a government order to stopping trade with another country
- 11. an economic model where government planners make all business and financial decisions
- 17. common currency of most European Union member states; those E.U. nations currently using the euro are referred to collectively as the Eurozone
- 18. the percent of a nation's population over the age of 15 who are able to read and write