Across
- 1. when there isn’t enough something to go around.
- 3. an economic system that has elements of command and market economies
- 5. traditions, customs, and beliefs help shape the goods and services the economy produces
- 7. government controls everything including what is produced, prices, and incomes.
- 8. what you have to give up in order to choose something else.
- 9. trade and industry are controlled by private owners for profit.
Down
- 2. economic system which there is no private ownership of property and little or no political freedom
- 4. the market determines prices, products, and services rather than the government. Businesses and services are free of government control.
- 6. something that motivates or encourages you to do something