Econ Crossword
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
 
 
Down: 1) Government controlled.2) The risk taking, innovation, and organizational abilities involved in starting a new business.4) Based upon how economic activities have been done in the past. Primarily agricultural.6) The study of the production of goods and services to satisfy unlimited wants and needs from scarce resources.8) Traditional Systems, Command Systems, and Market Systems10) Any human effort, mental or physical, that is exerted in the production process.17) Competition, privately owned resources, decisions made within the market.18) Goods necessary for survival. Across: 3) Private ownership, heavy to moderate government intervention.5) Production. Distribution. Consumption.7) Gifts of mother nature.9) Limited resources in relationship to production to meet your needs and wants.11) "Father of Capitalism" Believed that a system free of government would be chaotic, but would produce the right quantity of quality goods based upon their own self interest.12) Hybrid of capitalism and communism, government owned resources, competition between government providers.13) The cost of an alternative that must be foregone in order to pursue a certain action.14) Buildings, machines, and tools used to make other goods or money when applied into production.15) Capitalism, Authoritarian Capitalism, Authoritarian Socialism, and Market Socialism.16) Private ownership, worker determines the value of the product, government answers the basic questions.19) An activity done for others for a fee.20) Individuals control production and the market is controlled within the market.21) Nations prosperity depended on how much gold it possessed, Government intervention is necessary for trade, leads to empire growth.22) Material goods in excess of needs.23) All other things equal or resources and technology held constant.24) A physical object that can be purchased.25) (L)and, (L)abor, (C)apital, (M)anagement or (E)ntrepreneurship 26) Wealth is derived from agriculture.
 

 

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