Across
- 3. The economic system in which most businesses are owned and operated by individuals
- 4. market economy relies on both markets and the government to allocate resources.
- 8. bring the other resources together to produce a good or service to be sold to the marketplace.
- 9. is the study of the production, distribution, and consumption of goods and services.
- 10. system with the highest level of government control
Down
- 1. the means by which a society (households, businesses, and government) makes decisions about allocating resources to produce products and about distributing those products.
- 2. businesses previously owned by the government to private ownership through a process called
- 5. are the inputs used to produce outputs.
- 6. free market system, also known as
- 7. industries that provide essential services, such as utilities, banking, and health care, may be government owned.