Across
- 4. Any kind of merchandise you can purchase
- 5. Human Capital, Capital, Natural Resources, Entrepreneurship
- 6. A person who purchases goods and services for personal use
- 8. When you make a choice between two or more things, what you DON'T choose would be this
- 11. Education, healthcare, training of workers
- 13. High GDP, high literacy rate, high investment in the four productive resources
- 14. Any kind of work performed for others
- 17. Total percentage of people in a population who can read and write
- 19. The economy of aborigines, they produce only what they need to survive and produce things that same way they did in the past
- 21. If the supply is high, the demand is low. If the supply is low the demand is high
- 24. Taking a risk to start his/her own business
- 26. Low GDP, low literacy rate, low investment or no investment in the four productive resources
- 28. Total amount of all goods and services produced in a country in a year
- 30. Having a limited amount of something
- 32. What to produce, how to produce, for whom to produce
- 33. The degree of wealth and material comfort. Housing, food, health care, educational opportunities, and income available to the people in a country
Down
- 1. The stop of all trade between two countries. This is usually done for political reasons (war with a country, not agreeing with their government, not supporting terrorism)
- 2. Someone who makes/produces a good
- 3. Resources that come from nature
- 7. A nation's form of money
- 9. Factories, machinery, roads, buildings
- 10. An economy where consumers answer the basic questions and prices are set by supply and demand
- 12. Tax on goods imported or exported
- 15. When you or a company is a professional at a certain task. Then everyone comes together to produce something
- 16. Something you want
- 18. When people depend on one another- often goes along with specialization
- 20. Something you have
- 22. To trade NOT using money---Ex: I will trade 2 goats for 3 chickens. Often done in traditional economies
- 23. An economy where the government owns everything and decides what to produce, how to produce, and for whom to produce
- 25. An economy where both the government and consumers decide what to produce, how to produce, and for whom to produce
- 27. Changing from one type of currency to another in order to purchase goods across the world market
- 29. Government-imposed restrictions on international trade (Goods being imported/exported)
- 31. A limit on the amount of foreign goods that can be imported. This protects domestic goods (goods made in the home country)