ECONOMICS VOCABULARY

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Across
  1. 3. takes natural resources form the earth
  2. 7. workers who create goods or perform services
  3. 8. act performed for others like doctors, teachers, police
  4. 10. nation which has good employment, education, and health care, high GDP
  5. 11. system for producing, distributing, and consuming goods and services
  6. 13. death rate of babies under age of one
  7. 14. people who buy goods and services
  8. 15. people who start businesses
  9. 17. owners and workers
  10. 20. sale of goods in large quantities to retailers
  11. 22. money, buildings, machines, supplies needed by a business
Down
  1. 1. people who perform an act for others
  2. 2. private ownership of business, citizens control factors of production
  3. 4. ability to read and write
  4. 5. makes products from natural resources
  5. 6. products made in an economy
  6. 9. total measure of the value of all goods and services for a country
  7. 12. high unemployment, low literacy rate and GDP, poor health care
  8. 16. resources raw materials used to make goods
  9. 18. sale of goods to individual consumers in small quantities
  10. 19. total government control of all factors of production, classless society
  11. 21. central control/ownership of industry, sets wages and prices