Across
- 1. structure of methods and principles a society uses to produce and distribute goods and services.
- 3. the level of economic prosperity
- 5. are the income people receive in return for supplying factors of production
- 7. relies on habit, custom, or ritual to answer the three basic economic questions.
Down
- 2. set of programs to protect people who face unfavorable economic conditions such as layoffs, injuries, or natural disasters.
- 4. the process of bringing new methods, products, or ideas into use
- 6. is the amount of money a business receives in excess of its expenses