Economies VOVAB Crossword
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
 
 
Down: 1)  the government or a central authority owns or controls the factors of production and makes the basic economic decisions3) the resources people have for producing goods and services to satisfy their wants 4) a system in which people make their own decisions about how to save resources as capital and how to use their capital to produce goods and provide services5) the act of buying or using goods and services6) One that is a mixture of traditional, command, and market economies7)  the difference between the total cost of production and the total revenues received from buyers8) a system in which private individuals own the factors of production and are free to make their own choices about production, distribution, and consumption11) a system of producing and distributing of goods and services to fulfill a person’s wants Across: 2) the basic economic decisions are made according to long-established patterns of behavior5) anything produced in an economy that is used to produce other goods and services. 9) the highest valued benefit given up when a choice is made10) refers to the system in which individuals in a market economy are free to undertake economic activities with little or no control by the government12) to use your money to help a business get started to grow, with the hope that the business will earn a profit in which you can share13) amount 14) the practical application of science to commerce and industry15) means that resources are always limited compared with the number and variety of wants people have16) the buying and selling of goods, especially on a large scale and between different places
 

 

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