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