Economics Unit One Crossword

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Across
  1. 1. What producers charge and produce is determined by the consumers; free market exists
  2. 4. Type of economic system where government controls all aspects of economic choice and trade
  3. 6. A form of government where property is shared and everyone is equal
  4. 9. Form of government where government controls all, everyone is equal, and there is no private property
  5. 11. Includes physical, financial, and human elements
  6. 14. The oldest form of economy
Down
  1. 2. The study of how people and organizations make choices and spend their money
  2. 3. Objects made by man
  3. 5. Risk takers and venture capitalists; people who start new markets and businesses
  4. 7. When a producer cannot or will not sell a product at its current price and takes it off the shelves; the producer still has the product
  5. 8. The natural factor of production
  6. 9. Known to be the basic economic problem; limited supplies to meet unlimited wants
  7. 10. Actions performed by one person or business for another
  8. 12. Work done to produce a product
  9. 13. No central authority; pure capitalism