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Across
2.market based economic system in which the goverment is envolved
3.goverment should not intervene in the market place
6.answers to the three key economic questionsare made by voluntary exchange in markets
7.a period of change in which a nation moves from one economic system to another
8.because a central authority is in command of the economy
9.market based economic system in which goverment play a limited role
10.process of bringing new methods
14.of the market place
15.many goverment provide this
16.requires a large capital investment
17.goods and services that firms produce are purchased by households
18.an arrangment that allows buyers and sellers to exchange things
19.social land politial philosophy based on the belief the democratic should describe wealth
20.process of selling business or services operated by the goverment to individual investors
Down
1.property not owned by the goverment or the people as a whole
4.economic characterized by individual or corporate ownership of capital goods
5.income people recievein return for supplying factors of production
11.concentration of the productive efforts of individuals and business
12.in an organization that uses resources to produce a product
13.arena of exchange

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