Across
- 2. The type of economy where the government owns all factors of production
- 4. Factor of production needed to make goods, can be human or machines
- 5. Goods used to make other goods
- 9. The study of how decisions impact the economy
- 10. Things used to create goods and services
- 12. Risk-taking leading to creating a business
- 14. The type of economy based on customs and traditions of a place
- 16. The type of economy that has both private and public ownership of goods
Down
- 1. Study of economic decisions that impact an entire country or the world
- 3. Study of the impact of individual decisions on the economy
- 6. The type of economy where prices of goods and services are decided by supply and demand
- 7. You become owner of this thing in exchange for money
- 8. Things that cannot be regenerated easily, once you run out, you are out
- 11. Things that can be easily regenerated with unlimited supply
- 13. Paying someone to do something for you
- 15. Factor of production needed for factories or warehouses