The Role of Government in Economic Systems

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Across
  1. 1. plays a key role in capitalism/free market economy
  2. 3. the goal in socialism is to have _____ distribution of wealth
  3. 7. type of system that has freedoms everywhere except economics
  4. 8. socialism uses create ____ government = dictator
  5. 11. the government decides how much to produce, and how to distribute goods and services
  6. 12. socialist feared that a _____ would happen because business owners would not want to share profits
  7. 14. another name for the economic system under communism
  8. 15. the government owns most of the land, basic industries, and some means of production
  9. 16. in a pure communist nation the ____ owns the land, natural resources, industry, banks, transportation, newspapers, TV, and the internet
  10. 17. under socialism there would be high _____ to pay for all of the government implemented programs
Down
  1. 2. working class in communist Germany
  2. 4. socialism stifles (limits) _____ initiative
  3. 5. private ownership of the factors of production, individual incentives, and freedom of choice in business matters
  4. 6. "let alone" Adam Smith's term meaning the government should not be involved in economics
  5. 9. first class in communist Germany
  6. 10. this country is not a pure capitalist society because the government does intervene in economics with safety regulations
  7. 13. believed a command economic system was the safest because workers would revolt in a capitalist economy