Economics Review

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Across
  1. 5. factor of production that deals with workers who produce goods and services
  2. 8. taking risks and turning ideas into businesses
  3. 9. factor of production that includes natural resources and raw materials from the earth
  4. 10. system where government makes ALL the economic decisions
  5. 12. the study of how to make decisions with scarce (limited) resources
Down
  1. 1. economic system based on cultures and traditions
  2. 2. the value of the opportunity lost
  3. 3. economy that is the mixture of the command and market economic systems
  4. 4. system where economy is determined by the actions of buyers and sellers
  5. 6. level of economic activity that converts raw materials into goods
  6. 7. level of economic activity that extracts (or gets) natural resources and raw materials from the earth
  7. 11. level of economic activity that provides services to businesses and consumers
  8. 13. factor o production; tools and equipment used in the production of goods