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Economies Part 1
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economics:the study of how resources are managed
economy:the system business owners use to provide goods and services
goods:things you can buy and consume
services:things you do for other people
needs:things necessary for survival
wants:things we would like to have
market economy:business and consumers decide what to produce based on supply and demand
mixed economy:combination of market and command economies
traditional economy:social roles and culture determine what is produced
command economy:government decides what to produce
Economies Part 1
Across:4. | social roles and culture determine what is produced | 7. | things we would like to have | 8. | things necessary for survival |
| 9. | government decides what to produce | 10. | the study of how resources are managed |
| | Down:1. | combination of market and command economies | 2. | the system business owners use to provide goods and services | 3. | things you can buy and consume |
| 5. | business and consumers decide what to produce based on supply and demand | 6. | things you do for other people |
| |
© 2014
PuzzleFast.com, Noncommercial Use Only
Economies Part 1
Across:4. | social roles and culture determine what is produced | 7. | things we would like to have | 8. | things necessary for survival |
| 9. | government decides what to produce | 10. | the study of how resources are managed |
| | Down:1. | combination of market and command economies | 2. | the system business owners use to provide goods and services | 3. | things you can buy and consume |
| 5. | business and consumers decide what to produce based on supply and demand | 6. | things you do for other people |
| |
© 2014
PuzzleFast.com, Noncommercial Use Only