Econ Crossword
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
 
 
Down: 1) "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.2) Based upon how economic activities have been done in the past. Primarily agricultural.4) Traditional Systems, Command Systems, and Market Systems6) Private ownership, worker determines the value of the product, government answers the basic questions.8) Gifts of mother nature.9) An activity done for others for a fee.12) Nations prosperity depended on how much gold it possessed, Government intervention is necessary for trade, leads to empire growth.15) Wealth is derived from agriculture.17) The study of the production of goods and services to satisfy unlimited wants and needs from scarce resources.20) Limited resources in relationship to production to meet your needs and wants.22) Goods necessary for survival.23) A physical object that can be purchased. Across: 3) Private ownership, heavy to moderate government intervention.5) Buildings, machines, and tools used to make other goods or money when applied into production.7) Hybrid of capitalism and communism, government owned resources, competition between government providers.10) All other things equal or resources and technology held constant.11) Capitalism, Authoritarian Capitalism, Authoritarian Socialism, and Market Socialism.13) Government controlled.14) Any human effort, mental or physical, that is exerted in the production process.16) The risk taking, innovation, and organizational abilities involved in starting a new business.18) Material goods in excess of needs.19) The cost of an alternative that must be foregone in order to pursue a certain action.21) Competition, privately owned resources, decisions made within the market.24) (L)and, (L)abor, (C)apital, (M)anagement or (E)ntrepreneurship 25) Individuals control production and the market is controlled within the market.
 

 

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