Intro. to Econ/Economic Systems

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Across
  1. 3. Parts of China and this country have a command system
  2. 5. Surface land, water, things found in nature
  3. 7. Property owned by individuals or groups
  4. 11. In this type of socialism, the govt. only controls part of the economy
  5. 12. In this type of econ. system, change is discouraged and sometimes punished
  6. 13. In this type of econ. system, the government is in control
  7. 14. Job accidents and natural disasters are example of risks protected by economic ___.
  8. 15. Profit ___ is the desire to make a profit
  9. 16. Believed workers were treated unfairly and wanted to get rid of classes
  10. 18. Freedom of __ means buyers can make their own decisions
  11. 19. Rivalry among producers of a similar product
  12. 21. How limited resources are used to fulfill unlimited wants
  13. 22. Fixed amount of resources + competition for use
  14. 23. Goods used to make other goods
Down
  1. 1. Economic ___ is the ability to use limited resources wisely
  2. 2. Decision making made by small units
  3. 4. According to economic __, the system must be fair and just
  4. 5. Work to produce goods or provide services
  5. 6. In this type of socialism, the govt. controls the entire economy
  6. 8. This econ. system combines market and command
  7. 9. ___ of production are resources needed to produce goods, services
  8. 10. In this type of system, decisions are made by the people
  9. 12. The # of basic questions in economics
  10. 17. Decision making made by large units
  11. 20. The word for "workers" in Marx's system