Social 9 Chapter 6

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Across
  1. 1. right a shift on the economic continuum towards less government involvement in the economy (taking a more conservative position)
  2. 3. economy At this end of the spectrum, the choices of individuals solve scarcity. Private businesses own and manage resources. They sell their products to consumers, who make their own decisions about what to buy. Businesses succeed if they produce what consumers want. Otherwise, they fail. The government does not get involved
  3. 4. good what's best for society as a whole
  4. 8. economy At this end of the spectrum, government makes all the decisions about how to solve scarcity. It owns and manages the resources needed to produce things. It plans what will be produced and decides how to use limited resources.
  5. 9. system the way a society organizes the production, distribution and consumption of goods and services
  6. 10. bargaining negotiating as a group (is the key right established by unions for workers).
  7. 12. the products and services created by producers
  8. 16. left a shift on the economic continuum towards more government involvement in the economy (taking a more liberal position)
  9. 17. when the supply of a product can meet the demand for a product at a particular price
  10. 20. union an organization of workers that acts to protect workers' rights and interests
  11. 21. corporation a company owned by Canada's government to provide products and services to Canadians.
  12. 22. The opposite of competition.
  13. 23. an economic theory that links properity to consumer demand for goods and
Down
  1. 1. in economics, the idea that land (materials), labour and capital (money) limit the supply of what people want and need
  2. 2. consiststs of the money that people own or borrow, used to purchase equipment, tools and other resources to produce goods and services.
  3. 5. rate the percentage of the workforce that does not have jobs
  4. 6. the study of the production, distribution and consumption of goods and services
  5. 7. a cessation of work by workers (to pressure employers to respond to issues that concern workers)
  6. 11. in economics, rivalry among producers to sell products to consumers
  7. 13. owned in economics, the part of the economy owned and controlled by government and paid for by taxes
  8. 14. owned in economics, the part of the economy owned and controlled by businesses and individuals
  9. 15. those who create products and services
  10. 18. the resources and processes involved in the production, distribution and consumption of goods and services
  11. 19. the wants and needs of consumers for products and servicesBoycott, a decision by consumers to stop buying a product or service as a way to bring about change
  12. 21. those who use products and services