Economics Crossword

What economy trades, farms, and values tradition?
What economy has a strong central government and controls all factors of production?
Political party that believes in equal pay, and government involvement with the factors of production.
Form of Government where Government controls everything.
Combines Elements of 3 different economies.
an organized way of providing for the wants and needs of their people
System in which the society's leaders make all economic decisions.
requires absolute obedience to authority.
rights of individuals and groups to own property.
any place or situation in which people buy and sell goods.
based on private ownership of the factors of production.
a trade in which the parties involved anticipate that the benefits will out weigh the cost.
Hands off
the effort of two or more people to get the business of others by offering the best deal.
a situation in which people concentrate their efforts in the areas in which they have an advantage.
the idea that because consumers are free to purchase what they want and to refuse products they do not want.
The market for goods and services
the market for the factors of production.
to change from private ownership to government.
Change from government ownership to private.
all economic interactions that cross international boundaries.
Visualizes how all interactions occur in a market economy.