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Understand Economies and Economic Systems Crossword
 

Crossword Puzzle

Understand Economies and Economic Systems CrosswordOnline version

Economy and systems crossword

by Steveland Mcswain
1

Characterized by more government ownership and central planning.

2

The amount at which a good or service will be sold at in a market.

3

A combination of a command and market economy.

4

The knowledge, efforts, and skills people bring to their work, also known as labor.

5

The type of economy where people believe in doing things the same as they have always been done in the past.

6

The condition that exists when wants exceed resources available to satisfy wants.

7

Things that you must have in order to survive (such as food, clothing, and shelter)

8

Goods produced and used to make other goods and services.

9

Economic system that is run by a central government or authority

10

Gifts of nature that are present without human intervention (ex. land)

11

How much of a good or service a producer is willing and able to produce at different prices.

12

The initiative to improve goods and services or create new ones.

13

Characterized by private ownership of the means of production (for example, farms and factories), and supply and demand are responsible for the price and allocation decisions.

14

Making choices and satisfying the wants and needs of consumers.

15

One who uses goods or services.

16

An individual's need or desire for a good or service at a given price.

17

Things you think you must have in order to be satisfied (not necessary for survival).

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14
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2
15
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17
8
11
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