Across
- 2. An economic concept that states that the price of a good rises and falls depending on how many people want it
- 4. An increase in the percentage and in the number of people living in urban settlements.
- 5. A system in which society, usually in the form of the government, owns and controls the means of production.
- 6. Development of a system which supports machine production of goods
- 7. Individuals who start new businesses, introduce new products and improve management techniques
- 9. Networks of iron (later steel) rails on which steam (later electric or diesel) locomotives pulled long trains at high speeds.
- 12. A machine for cleaning the seeds from cotton fibers, invented by Eli Whitney in 1793
Down
- 1. Communication by transmitting signals over a wire. Messages could be sent over long distances in a short period of time.
- 3. A belief that ultimate power resides in the people.
- 8. An economic system based on private ownership of capital
- 10. A belief that limited government insures order competitive markets and personal opportunity.
- 11. A belief that the government can and should achieve justice and equality of opportunity.