Economics terms review

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Across
  1. 2. Movement toward more government involvement in the economy.
  2. 3. An economy where decisions are made by individuals and businesses based on supply and demand.
  3. 4. The study of how people, businesses, and governments use limited resources to satisfy unlimited wants.
  4. 6. Human work effort or skill used to produce goods and services.
  5. 7. A company owned by the government but run separately.
  6. 9. Owned by individuals or businesses, not the government.
  7. 10. A person or business that creates goods or provides services.
  8. 11. Ways societies organize the production, distribution, and consumption of goods and services.
  9. 15. A person who buys and uses goods and services.
  10. 17. Organizations that represent workers and protect their rights, wages, and working conditions.
  11. 18. Owned by the government on behalf of the people.
  12. 23. When businesses or individuals compete to sell goods, earn profit, or gain advantage.
  13. 24. The basic economic problem: there are not enough resources to meet everyone’s needs and wants.
  14. 26. A publicly owned media organization funded by the Canadian government.
Down
  1. 1. An economic system with both private enterprise and government involvement.
  2. 4. The point where supply and demand are balanced.
  3. 5. When workers stop working to pressure employers for better wages or working conditions.
  4. 8. An economy where the government makes all major economic decisions about the 3 big questions
  5. 12. Shared or owned by a group rather than individuals.
  6. 13. Working together to achieve shared goals or benefit the group.
  7. 14. The amount of a good or service that producers are willing to offer at different prices.
  8. 16. A market structure where one company controls all or almost all of a product or service.
  9. 19. Money, tools, machinery, or buildings used to produce goods and services.
  10. 20. Movement toward less government involvement in the economy.
  11. 21. A factor of production referring to natural resources (water, forests, minerals, soil).
  12. 22. The desire and ability of consumers to buy a product at different prices.
  13. 25. Negotiations between an employer and a labour union about wages and working conditions.