Across
- 3. Economic system where everyone in society equally owns the factors of production
- 6. The total value of goods and services produced by a country or companies based within a country
- 7. economic activities focused on management, information processing, or research
- 11. Economy Socialism Combination of Command and Market designed to benefit all people
- 13. Economy The government determines what goods and services are produced/provided. May ignore consumer demand
- 14. Basic support system needed to keep an economy going
- 15. economic activities focused on the extraction of natural resources
- 18. Resources are limited in supply and cannot be used sustainably
Down
- 1. Economic order structured upon the ideas of common ownership and the means of production and the absence of social classes, money, and the state
- 2. the production and exchange of goods and services among people.
- 4. economic activities focused on the manufacturing of goods
- 5. An Economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than the government
- 8. Can naturally replenish themselves while nonrenewable resources cannot
- 9. economic activities focused on the delivery of services
- 10. Economy with no money (barter system) trade item or skill for item/skill Used by early civilizations and less developed societies today
- 12. Total value of all goods and services produced within a country’s geographic location
- 16. Economy known also as capitalism (capital is money for investment) Driven by MONEY. Consumer demand drives production and prices
- 17. An economy where the market determines prices, products, and services rather than the government