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Chapter 2 Econ

Jalon Jakab

ECONOMIC SYSTEMS (Section 2) Crossword

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Across
1.almost all members of the labor force are able to find jobs.
4.the creation and/or maintenance of an unequal economic, cultural, and territorial relationship.
7.Rights people have to do what they want with the things they own.
8.system of social organization based on the holding of most property in common.
9.Government makes the economic decisions. They own the land and capital.
10.Rights people have to do what they want with the things they own.
11.People make economic decisions. Individuals determine what gets made, how it will be made, and who will consume goods and services
12.The desire to make money, so it motivates entrepreneurs to produce new goods and services.
17.people decide what they want to buy or sell; and what they want to do with it.
20.Basic needs of every person should be met.
23.Is a capitalistic, market, and command economy.
24.a social system based on the principle of individual rights.
25.Prices of goods and services cannot fluctuate significantly up or down.
26.Combination of Private and State sectors.
27.The amount earned after a business subtracts its costs from its revenue.
Down
2.Using our limited resources wisely.
3.Expanding our economy to produce more goods and services over the long term, thus, the average standard of living should increase.
5.uses habits, customs, and religion to determine what goods to produce, how to produce and for whom to produce.
6.Traditional, Command, Market Economies.
7.is owned by the government.
8.level of wealth, comfort, material goods and necessities available.
13.The spirit of the FES, being an entrepreneur is encouraged and is essential to the FES.
14.Allow each member of society to make choices.
15.the force that makes people want to improve their material well-being.
16.the government minimizes its interference with the economy.
18.We want an economic policy that is fair to everyone.
19.businesses focus on producing a single good or service.
21.the struggle among sellers to attract consumers while lowering costs.
22.system of social organization based on the holding of all property in common, with actual ownership ascribed to the community or state.

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