Across
- 7. The government determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale.
- 8. An original economic system in which traditions, customs, and beliefs shape the goods and the services the economy produces, as well a the rules and manner of their distribution.
- 9. A person who organizes and p a business or businesses, taking on greater than normal financial risks in Oder to do so.
Down
- 1. Prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy.
- 2. A method of production where a business, area or economy focuses on the production of a limited scope of products or services to gain greater degrees of products or services to gain greater degrees of productive efficiency within an overall system.
- 3. Materials or substances that occur in nature and can be used for economic gain.
- 4. Goods made and used to produce other goods and services.
- 5. The department of a business or organization that deals with the hiring, administration, and training of personnel.
- 6. An economic system combining private and public enterprise.
- 8. Measures that governments or publi authorities introduce to make imported goods or services less competitive than locally produced goods and services.