Across
- 2. Institutions formal organization such as banks, labor unions, cooperatives and etc.
- 4. used for crops, factory, sports and natural resources
- 5. Science political science, history, sociology, anthropology are 4 concepts
- 7. Ability of individuals to start new businesses to introduce new products and technologies
- 11. they go into producing something
- 12. Economic system that contains characteristics of a command and market economy
- 14. Freely chosen activity between buyers and sellers of goods and services
- 15. Money left after all the production costs are paid
- 20. Costs to give up something wanted for something needed
- 22. state or government economics
- 25. physical and mental work
- 27. Where government controls the economic system
- 28. the activities done for others for free
- 29. The items that people buy
Down
- 1. trade their surpluses
- 3. individual or family economics
- 6. serves as a medium of exchange
- 8. Offs exchanging one thing for the use of another
- 9. ability to produce greater quantities of goods and services in better and faster way
- 10. decisions in one part of the world affect another part of the world
- 13. Economic system based on customs and beliefs
- 16. anything that people can use to make or obtain what they want
- 17. money or machinery used to produce goods and services
- 18. results of productively combing land, labor, and capital
- 19. study of marketing and relates to the practical necessities of life.
- 21. Organizations Where they make a variety of goods or services available to all
- 23. Rivalry among producers and sellers of similar goods
- 24. Private individuals own the factors of production and trade
- 26. not enough income, time, and other resources to satisfy their every need.