Across
- 1. this for that
- 3. Factor of production - example: welder, teacher
- 7. Economic system where the government controls everything
- 8. Author of the Communist Manifesto
- 10. another name for Communism
- 13. a reward for hard work or good business ideas
- 15. ______economics - the study of the whole economy
- 16. Factor of production - example: timber, water, oil
Down
- 2. the value of the next best alternative
- 4. Factor of Production - example: hammer, oven, car
- 5. The most basic problem of economics
- 6. Adam Smith's Theory of market balance
- 9. Author of Wealth of Nations
- 11. a communist country whose history includes Marx and Stalin
- 12. _____property an incentive in capitalism
- 14. Economic system of free markets