Across
- 3. GDP is based on all the goods and ___ produced by a country in one year
- 5. This economic system has decisions made by citizens (supply & demand)
- 8. A pure market economy would be on this side of the economic continuum
- 9. This economic system is based on customs/traditions from the past
- 10. Supply and ___ determine economic decisions in a market economy
- 11. Natural ___ are raw materials from the Earth
- 12. Per ___ means GDP per person in a country
- 13. ___ capital refers to the skills and knowledge of workers
- 14. A pure command economy would be on this side of the economic continuum
- 16. When you cut off all trade with a country
- 18. Market economies have ___ government control of the economy
- 19. This economic system has decisions made by the government
Down
- 1. An economic system with characteristics of command and market
- 2. This word refers to rules put on businesses by the government
- 4. When you limit the number of items traded with a certain country
- 6. A person who starts a private business
- 7. ___ rate refers to the amount of people in a country who can read and write
- 9. A tax placed on an import or export
- 13. Command economies have ___ government control of the economy
- 15. ____ goods refer to things used in production like factories and machinery
- 17. Most of the countries we have studied have this important natural resource