Across
- 3. One of the factors of production; also called resources.
- 4. This negative of capitalism results in a single corporation cornering (controlling) the market on a good.
- 5. One knock of capitalism is that it can create income _______...for example, America's top 1% controls 35-40% of the wealth.
- 7. The amount of money you have from income AFTER taxes/wages/expenditures.
- 9. One positive of capitalism is that is creates _________ between corporations, resulting in better products at cheaper prices.
- 11. An economic system that is capitalist and has NO government input is called _________ capitalism.
- 12. One of the factors of production; this is the term for the actual people who do the work.
- 13. One positive of capitalism is that economic freedom usually means more _________ freedom.
- 14. AN economy that has the government determine pricing is a ______ economy.
- 15. An economic system that is capitalist but controlled by the government is called _____ capitalism.
- 16. The percentage of income that is profit, measured year to year
- 18. An economy that has parts of one economic system and parts of another is a ______ economy.
- 20. America has the _______ highest GDP in the world.
Down
- 1. How much of something is put into the market
- 2. What GDP stands for (GDP is the measure of the total worth of the total goods of the economy THAT YEAR).
- 6. One of the factors of production; this is what we call factories, tools, raw materials, etc.
- 8. An economic theory that private industry should control both land and capital. It is also the primary economic system of America.
- 10. An economic system that is capitalist yet provided healthcare/education to the poor is called _____ capitalism.
- 17. This negative of capitalism happens when a single firm has too much power, resulting in lower wages for employees.
- 19. An economy that uses supply and demand to determine price is a ______ economy.
- 21. How badly (or how much) the public wants an item.