Type
Crossword
Description

This crossword contains the following questions and answers:

An example of the means of production in an economy factory
In this type of economy, the government owns the factories socialism
Adam Smith used this phrase to describe competition in the marketplace invisiblehand
In this type of government, power is passed down through families monarchy
In this economic system, the government does not get involved in the economy capitalism
In socialist economies, wealth is divided ______________________. equally
Voting is an important element of this type of government democracy
a time of big changes revolution
the way something is made to happen; resources means
one of the two countries that engaged in the Cold War Russia
Democracy is the ______________________ system in the U.S. political
In a capitalist society, the means of production are ______________________ owned. privately
Earning money for work is known as wage ___________________. labor
Capitalism is based on a free __________________. market
things people by and sell goods
Under communism, there is no private ___________________. property
capital money
new or recent modern
people living together in an organized community society
a large land mass continent
France and Spain are on this continent Europe
Washington, D.C. is closest to this ocean Atlantic
Japan and Hawaii are islands in this ocean Pacific

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Industrial Revolution Crossword Puzzle

Type
Crossword
Description

This crossword contains the following questions and answers:

the totality of the changes in economic and social organization that began about 1760 in England and later in other countries, characterized chiefly by the replacement of hand tools with power-driven machines, as the power loom and the steam engine, and by the concentration of industry in large establishments Industrial Revolution
a supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer, etc.; inventory Stock
a tract of land surrounded by a fence enclosure
an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members corporation
Crop rotation is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons. It helps in reducing soil erosion and increases soil fertility and crop yield croprotation
Adam Smith was a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment. Smith is best known for two classic works: The Theory of Moral Sentiments, and An Inquiry into the Nature and Causes of the Wealth of Nations adamsmith
the large-scale introduction of manufacturing, advanced technical enterprises, and other productive economic activity into an area, society, country, etc industrialization
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth capitalism
a building or group of buildings with facilities for the manufacture of goods factory
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole socialism
Karl Marx was a German philosopher, economist, sociologist, journalist and revolutionary socialist karlmarx
a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk entrepreneur
a group of states or nations united into one political body union
to deal a blow or stroke to (a person or thing), as with the fist, a weapon, or a hammer; hit strike
of, relating to, or characteristic of the middle class; bourgeois middleclass

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Economics Chapter 2 Vocabulary Part 1 Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

occurs when individual workers focus on single tasks, enabling each worker to become more efficient and productive specialization
the worker, firm, region, or country with the lowest opportunity cost of producing an output should specialize in that output law of comparative advantage
the ability to make something using fewer resources than other producers require absolute advantage
the laws, customs, manners, conventions, and other institutional underpinnings that encourage people to pursue productive activity rules of the game
an expansion of the economy's production possibilities, or ability to produce economic growth
each additional increment of one good requires the economy to give up successively larger increments of the other good law of increasing opportunity cost
producing the maximum possible output from available resources, meaning the economy cannot produce more of one good without producing less of the other good efficiency
an economic system shaped largely by custom or religion production possibilities frontier- shows the possible combinations of two types of goods that can be produced when available resources are employed efficiently traditional economy
an economic system in the process of shifting from central planning to competitive markets transitional economy
describes the U.S. economic system, where markets play a relatively large role market economy
an economic system that mixes central planning with competitive markets mixed economy
an economic system in which all resources are government-owned and all production is directed by the central plans of government pure command economy
an economic system with no government so that private firms account for all production pure market economy
the set of mechanisms and institutions that resolves the what, how, and for whom questions for an economy economic system
the doctrine that states that government generally should not intervene in the marketplace "let them do as they please" laissez faire
property owned by individuals or companies, not by the government or the people as a whole private property
an economic system characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market free enterprise
to sell state-run firms to idividuals privatize
large farm leased from the state to groups of peasant farmers collective
requiring strict obedience to an authority, such as a dictator authoritarian
a political system characterized by a centrally planned economy with all economic and political power resting in the hands of the central government communism
a social and political philosophy based on the belief that democratic means should be used to evenly distribute wealth throughout a society socialism
the powers of the consumers to decide what gets produced consumer sovereignty
term economists use to describe the self-regulating nature of the marketplace invisible hand
the struggle among producers for the dollars of consumers competition
an expectation that encourages people to behave in a certain way incentive

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US Economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

A series of economic expansion and contractions. BUSINESSCYCLE
Human made items that are used to produce goods Capital
A socialist or communist economy in which the government controls the goods and distribution of goods COMMANDECONOMY
Based on the one party rule. Communism
A measure of the change in cost of the goods and services most commonly bought by consumers CONSUMERPRICE
A deep and long lasting contradiction; creates unemployment Depression
An official ban on trade or other commercial activity with a certain country Embargo
The private ownership of the means of production, free markets, and the right of individuals to make most economic decisions FreeEnterprise
The market value of all the goods and services produced in a nation within a specific time period. GROSSDOMESTICPRODUCT
The use of government spending to encourage economic activity through increasing the demand for goods KEYNESIANECONOMICS
A policy where the government cannot not interfere in business matters LAISSEZFAIRE
The belief by the of a society that something is proper and has the consent of the governed LEGITIMACY
The amount of money that employers may legally pay their employees MinimumWage
A situation in which any one seller controls production and supply or pricing of a product MONOPOLY
The money owed by a national government NationalDebt
The government owns and controls capital and also sets prices. Socialism
The capital raised by a business through subscription of a piece of a corporation bought by the consumer Stock
Where stocks and bonds are traded StockMarket
A work stoppage by employees in order to gain better benefits Strike
Government policies designed to stimulate the production of goods. SUPPLYSIDEECONOMICS
The number of people who are out of work possibly due to a depression Unemployment
Income paid by the government to people who need the money to live Welfare
The government has no control of natural resources and capital goods Free Market
The level of wealth, comfort and material goods StandardofLiving
The relationship between the output of goods and services and the input of resources PRODUCTIVITY

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Industrial Revolution Vocabulary Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

the era when the use of power-driven machinery was developed Industrial Revolution
a process in Europe from 1700's to the mid 1800's where landowners fenced small fields to create large farms, allowing for more efficient farming enclosure movement
the basic resources for industrialization, such as labor, land and capital factors of production
a usually small-scale industry carried on at home by family members using their own equipment cottage industry
developing industries for the production of goods industrialization
a place where goods are manufactured in mass quantity factory
an organization representing worker's interests labor unions
a work stoppage strike
the system of manufacturing large numbers of identical items mass production
identical machine-made parts that can be substituted for each other in manufacturing interchangeable parts
a mass-production process in which a product is moved fowrd through many work stations where workers perform specific tasks assembly line
a buisness system where companies are allowed to conduct a buisness without interference by the government laissez-faire
a risk taker who starts a buisness system within the economic system of capitalism entrepreneur
a political and economic system in which society, usually in the form of government, owns the means of prodution socialism
economic and political system in which government owns the means of production and controls economic planning communism
a meausure of the quality of living standard of living

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Russian Revolution Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Marxists tried to ignite revolution among this group, who were the growing class of factory and railroad workers, miners, and urban wage earners. Proletariat
Councils of workers and soldiers. Soviet
Communist party officials assigned to the army to teach party principles and ensure party loyalty. Commissar
The Soviet Union developed this type of economy, in which government officials made all basic economic decisions. Command Economy
State owned farms, large farms owned and operated by peasants as a group. Collectives
Wealthy peasants who Stalin sought out to destroy. Kulak
In this form of government, a one-party dictatorship attempts to regulate every aspect of the lives of its citizens. Totalitarian Society
The belief that there is no God, an official state policy regarding religion. Atheism
This was instated to boost socialism by showing Soviet life in a positive light. Socialist Realism
Secret Police. Cheka
This man set up 5 year plans to make Russia into a modern industrial power. Joseph Stalin
This man was the leader of the Russian Bolshevik Party. He promised peace, bread, and land. Vladimir Lenin
The communist Reds
Counterrevolutionaries who remained loyal to the czars. Whites
In this reign of terror, Stalin and his secret police cracked down and killed many. Old Bolsheviks party activist from the early days. Stalin and his secret police did this due to Stalin's obsessive fears that rival party leaders were plotting against him. Great Purge
This was the name of the communist party newspaper. This word also means Truth. Pravda
A group led by Lenin who soon became the dominant political power. Bolsheviks
A man convicted in a seven-minute trial for being accused of drawing anti-Stalin caricature. Nikolai Getman
This represented industrial workers to the Soviet Union. Hammer
This represented agricultural worker to the soviet union. Sickle

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Economic vocab Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Limited quantities of resources to meet unlimited wants. Scarcity
Resources that are used to make ALL goods and services. Productive resources
Food, air, and shelter and attention we desire. Wants & needs
The most desirable alternative given up as the result of a decision. Opportunity cost
An alternative we sacrifice when we make a decision. Trade-off
Natural resources that are used to make goods Land
The effort that a person devotes to a task for which that person is paid. Labor
Any human-made resource that is used to produce other goods and services. Capital
The process of designing, launching, and running a new business. Entrepreneurship
use an economy's resources. Possibilities curve
choices decision making
Satisfaction or utility that a person receives from consuming an additional unit of a good or service. Marginal benefit
The cost of producing one more unit of a good. Marginal costs
The concentration of the productive efforts of individuals and firms on a limited number of activities. Specialize
elimination of government power in a particular industry, usually enacted to create more competition within the industry. Deregulation
the state or quality of producing something, especially crops. Productivity
Situation in which allocation of goods and service is not efficient Market failure
theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned. Property rights
service that is provided without profit to all members of a society, either by the government or a private individual or organization Public goods
product that must be purchased to be consumed, and its consumption by one individual prevents another individual from consuming it. Private goods
Where the government, rather than the free market, determines what goods should be produced Command system
economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. Mixed system

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economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

an economic system in which individuals are free to compete and earn a living Market
an economic system in which buyers and sellers are free to exchange goods and services free
a desire to make a profit Profit motive
when you put money into a business invest
The exclusive right granted by law, to publish or sell a written, musical, or artistic work copywright
Gives a person the exclusive right to make and sell an invention patent
limited resources scarcity
law that states businesses will provide more products when they can sell them at higher prices law of supply
law that states buyers will demand more products when they can buy them at lower prices law of demand
Money invested in buildings, machines, and other property used to produce goods capital
Businesses owned by one person sole proprietorships
organizations that provide goods and services without seeking a profit nonprofit
Businesses where two or more people share responsibilities partnerships
Corperation profits paid to stockholders dividends
Another form of business organization corporation
people who buy corporate stocks stockholders
money a person pays to use something rent
Total amount of money made after deductions net
total amount of money made before deductions gross
human effort used to produce goods and services labor
The amount of work produced by a worker per hour productivity
The decision makers of a business entrepreneurs
An economic system based on private ownership of the meens of production capitalism
Companies that control all production of a good or service monopolies
this occurs when two or more companies combine to form one company merger
A form of business organization in which several companies create a board of trustees so they no longer compete with eachother trust
An economic system that combines elements of free and command economies mixed
production is based on customs and traditions usually passed down traditional
government owns almost all of the capital, tools, and equipment command

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Unit 6 Vocabulary Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The total value of goods produced and services provided in a country during one year. GDP
An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. Market Economy
A form of government run by a small number of people such as wealthy landowners, royalty or powerful military figures. Oligarchy
Economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Traditional Economy
Power is vested in the people, who rule either directly or through freely elected representatives. Democracy
A system that divides up power between a strong national government and smaller local governments Federal
An economic system combining private and public enterprise Mixed Economy
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. Entreprenuer
Democratic form of government in which the party with the greatest representation in the parliament forms the government, its leader becoming prime minister or chancellor. Parlimentary Democracy
An economy in which production, investment, prices, and incomes are determined centrally by a government. Command Economy
Goods that are used in producing other goods, rather than being bought by consumers. Capital Goods
The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. Human Capital
A system of government where a head of government is also head of state and leads an executive branch that is separate from the legislative branch. Presidental Democracy
Government has power over everything. Unitary
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. Natural Resources
A group of states that are joined together by a central government that has limited powers of authority Confederate
a system of government by one person with absolute power. Autocracy

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Economic Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The way a society organizes to produce, distribute, and consume goods and services. Economic System
Tradition determines how a society is organized to produce, distribute, and consume goods/services. Traditional
Individuals make most of the major decisions about production and distribution of goods and services Market
A central authority makes most of the major decisions about production and distribution of goods and services Command
Economic decisions are made by individuals, businesses, and government. Mixed
The worth of a good or service that is determined by the total cost of economic resources that went in to producing and providing a good or service. Value and Price
The amount of a resource, good, or service sellers are willing to sell at possible prices. Supply
How much people want of a good or service at a certain price at a certain time. Demand
People have desires that can be satisfied with goods or services Economic Wants
Human, natural, and capital resources used to produce a good or service. Economic Resources
Wants are unlimited and resources are limited. Scarcity
Goods and services are produced in better quality, quantity, and speed when someones focuses on one particular task. Specialization
People, businesses, and nations depend on others to produce their goods. Interdependence
Any place that allows buyers and sellers to trade goods and services Marketplace
Something that is used to buy and sell goods or services. Currency

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Government/Economic Systems Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Citizens hold political power Democracy
King or Queen rule the country Monarchy
Where the economy is completely controlled by the government. Command Economy
A system which people own their own businesses and property Market
There are no representatives leading the country. Direct Democracy
USA is an example of this type of democracy Representative Democracy
A law making body Government
A government where one person has all the power Autocracy
One leader has absolute control over citizens lives. Dictatorship
religious rule Theocracy
small group of people that have all the power Oligarchy
Nobody is in conrol Anarchy
small group of people usually military who rule a country after taking it over. junta
The monarch has all the power, and had the final say over the government. Absolute monarchy
A monarch that shares power with other parts of the government and are subject to the country's constitution Constitutional Monarchy

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