Mod 9 Topic 1

2. Trade between countries with few or no restrictions.
4. An economic system where the government owns or controls many industries.
7. When a country focuses on producing goods it can make most efficiently.
9. A person who buys goods and services.
11. Goods and services bought from other countries.
14. The exchange of goods and services between people or countries.
15. The growing connection of countries through trade, technology, and business.
17. The amount of a product available for sale.
18. A person who starts and manages a business.
19. Consumers' desire and willingness to buy a product.

1. An economic system based on private ownership and free markets.
3. The way countries rely on one another for goods, services, and resources.
5. Rivalry among businesses to attract customers.
6. An economic system where supply and demand guide production and prices.
8. An economic system in which the government makes most economic decisions.
10. Goods and services sold to other countries.
12. A person or company that makes goods or provides services.
13. An economy that combines features of both market and command systems.
15. A measure of the total value of goods and services produced in a country.
16. A tax placed on goods brought into a country.