Types of Economies Vocabulary

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Across
  1. 3. businesses and industries owned and operated by private owners or companies, i.e. Nike
  2. 6. natural resources that have been changed from their original form to make them useful for humans to provide food, energy, clothing, and building materials for businesses. For example: lumber, plastic, screws, nails
  3. 8. the amount a product sells for
  4. 11. when you control the market for an entire industry or product and have no competition
  5. 14. how badly people want a product/resource
  6. 15. businesses and industries owned and operated by the government
Down
  1. 1. when there are multiple companies/businesses producing very similar products/services
  2. 2. these are materials from the Earth that are vital to providing food, energy, clothing, and building materials for businesses
  3. 4. the processing of raw materials and manufacture of goods in factories.
  4. 5. the amount of money a product earns after cost
  5. 7. jobs that people do for you because you can’t do them yourself
  6. 9. products
  7. 10. the amount of money a worker earns
  8. 12. the amount to produce a product
  9. 13. the amount of a product/resource that is available