Across
- 3. An example of the means of production in an economy
- 4. In this type of economy, the government owns the factories
- 8. new or recent
- 9. France and Spain are on this continent
- 11. In this type of government, power is passed down through families
- 14. one of the two countries that engaged in the Cold War
- 17. Under communism, there is no private
- 18. the way something is made to happen; resources
- 19. Washington, D.C. is closest to this ocean
- 20. Democracy is the system in the U.S.
- 21. In this economic system, the government does not get involved in the economy
- 22. Adam Smith used this phrase to describe competition in the marketplace
Down
- 1. In a capitalist society, the means of production are owned
- 2. things people buy and sell
- 5. capital
- 6. A time of big changes
- 7. Earning money for work is known as wage
- 8. Capitalism is based on a free
- 10. In socialist economies, wealth is divided
- 12. A large land mass
- 13. Voting is an important element of this type of government
- 15. people living together in an organised community
- 16. Japan and Hawaii are islands in this ocean