Across
- 2. the rise in prices
- 6. the driving force that encourages people to work
- 10. the next best alternative
- 13. person that takes risks to create a business
- 14. father of communism
- 16. any natural resource
- 17. the conversion from private ownership to state ownership
- 19. to produce things you are best suited to produce
- 20. any man made resource
- 21. the four things you need to produce any product
Down
- 1. conversion from state ownership to private ownership
- 3. the struggle among sellers to attract consumers
- 4. any point on the production possibility curve
- 5. economic system in which people are free to make their own decisions
- 7. resources will always be limited
- 8. the value of all goods and services produced
- 9. father of capitalism
- 11. chart that shows the maximum combination of any two goods that can be produced with given resources
- 12. economic sysyem in which the government makes all decisions
- 15. scarcity plus utility
- 18. the economic system most modern countries have including the USA