Economics Review

2. "each person works and is paid on their abilities
4. The amount
6. A country's trade and industry are controlled by _______ _______
7. Promotes a more equal society
10. The want/need for an item
13. A particular product that one persons always has a demand for it.
14. The wealth starts at the top and goes down
15. What kind of economy is based on goods and services, and work
16. In order for the supply and demand to become equilibrium they need to?
17. Who took the first steps in the Soviet Union to create a communist economy?

1. A policy or attitude of letting things take their own course, without interfering (Hint: There is an extra character separating the words)
2. What is the name of switching one money into another form of money
3. Healthcare, welfare payments, green energy, and agriculture are examples of ______
5. sets a minimum purchased cost for a product or service
8. economy Combines between market and command economic systems
9. What did Stalin create in order to switch economies?
11. What kind of economy relies heavily on supply and demand
12. A demand _______ is a graph that shows the quantity demanded at each and every price that might prevail in the market