Chapter 2 Economic Systems Word Search
Type
Word Search
Description

private enterprise system
traditional system
private enterprise
voluntary exchange
private property
directed economy
planned economy
economic system
market economy
laissez faire
market system
profit motive
mixed system
custom based
competition
marketplace
capitalism
business
profit
free

Economics Chapter 2 Vocabulary Part 1 Crossword

Economics Chapter 2 Vocabulary Part 1 Crossword
Type
Crossword
Description

occurs when individual workers focus on single tasks, enabling each worker to become more efficient and productive
the worker, firm, region, or country with the lowest opportunity cost of producing an output should specialize in that output
the ability to make something using fewer resources than other producers require
the laws, customs, manners, conventions, and other institutional underpinnings that encourage people to pursue productive activity
an expansion of the economy's production possibilities, or ability to produce
each additional increment of one good requires the economy to give up successively larger increments of the other good
producing the maximum possible output from available resources, meaning the economy cannot produce more of one good without producing less of the other good
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
an economic system in the process of shifting from central planning to competitive markets
describes the U.S. economic system, where markets play a relatively large role
an economic system that mixes central planning with competitive markets
an economic system in which all resources are government-owned and all production is directed by the central plans of government
an economic system with no government so that private firms account for all production
the set of mechanisms and institutions that resolves the what, how, and for whom questions for an economy
the doctrine that states that government generally should not intervene in the marketplace "let them do as they please"
property owned by individuals or companies, not by the government or the people as a whole
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
to sell state-run firms to idividuals
large farm leased from the state to groups of peasant farmers
requiring strict obedience to an authority, such as a dictator
a political system characterized by a centrally planned economy with all economic and political power resting in the hands of the central government
a social and political philosophy based on the belief that democratic means should be used to evenly distribute wealth throughout a society
the powers of the consumers to decide what gets produced
term economists use to describe the self-regulating nature of the marketplace
the struggle among producers for the dollars of consumers
an expectation that encourages people to behave in a certain way

Chapter 3 Crossword

Chapter 3 Crossword
Type
Crossword
Description

an economic system in which privately owned businesses have the freedom to operate for a profit with limited government intervention
act of buyers and sellers freely and willingly engaging in market transactions
something that motivates
allows individuals to own and control their possessions
incentive to improve one's material well being
Capitalism thrives on this
fuel made from wood, peat, waste etc...
started in 2007 and lasted until mid 2009
person who takes risks in search of profits
the role of the consumer as ruler of the market
general rise in prices

economics Crossword

economics Crossword
Type
Crossword
Description

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

SSEF4,5,6 vocabulary Crossword

SSEF4,5,6 vocabulary  Crossword
Type
Crossword
Description

Economic system based on private ownership of the means of operation for profit
Economic system in which the central government makes all decisions on the production and consumption of goods and services
The struggle among producers for the dollar of consumers, the rivalry Long sellers to attract consumers while lowering the cost
Person or over not Seshan that uses economic services f person or over notation that uses economic services or commoditives
Goods that are ultimate rather than use in production of another good
The removal of some government controls over at market
Economic systemsThe method used by S a society to produce and distribute goods and services
Using resources in such a way as to Max the production of goods and services
The power of the government to take private property and convert it to public use
Concept or idea of fairness in economics
Freedom to prosper within a country without the intervention from the government or the economic author
Increase the amount of the population over period of time
The act of redirecting resources from being consumed today so that they may create benefits in the future, the use of assets to earn the income or profit
Economic systems in which decisions on production and consumption of goods and services are based on voluntary exchange and markets
Entitlement program that benefits low income families, some people with disabilities and elderly people in nursing homes
National health insurance program that helps pay for health care for people over the age of 65, or who have certain disabilities
Economic system that combines the free market with very limited government
The cost that is suffered by a third-party as a result of an economic transaction
License that gives a inventor of a new product the exclusive right to sell it for a certain period of time
Occurs when the consumption of the production of a good calls a benefit to a third-party
The sale or transfer of state owned businesses to an individual
Value of an output produced
The force that encourage people and organizations to improve their material well-being
Right theoretical search showing in force constructs in the economics for determining how a resource or economic good is used and owned
Programs and Stabley S-t by the US government to provide housing for low income families, disabled people, and the elderly
The business of supplying a common the or ser The business of supplying a commodity or service. Service rendered in public interesr
Financial instrument that represents an ownership of possession in a publicly Financial instrument that represents an ownership of possession in a publicly trade corporation, I created your relationship with the government body, right to ownership as a representative

Economics Chapter 2 Vocabulary Part 2 Crossword

Economics Chapter 2 Vocabulary Part 2 Crossword
Type
Crossword
Description

one's own personal gain
the market in which households purchase the goods and services that firms produce
the financial gain made in a transaction
market in which firms purchase the factors of production from households
a person or group of people living in the same residence
the concentration of the productive efforts of individuals and firms on a limited number of activities
level of economic prosperity
government programs that protect people experiencing unfavorable economic conditions
the income people receive for supplying factors of production, such as land, labor or capital
mixed economy, leans towards free market side.
mixed economy, leans towards the centrally planned side
(1723-1790) Scottish philosopher. "wealth of nations" advocated the idea of laissez faire; or government not involving themselves in the economy.

Introduction to Business Word Search

Introduction to Business Word Search
Type
Word Search
Description

entrepreneurial resources
capital resources
natural resources
economic systems
command economy
market research
market economy
mixed economy
competition
economics
resources
scarcity
business
services
consumer
supply
demand
profit
price
goods
needs
wants

Economics Vocabulary Crossword

Economics Vocabulary Crossword
Type
Crossword
Description

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

Economics Chapter 3 Crossword

Economics Chapter 3 Crossword
Type
Crossword
Description

the force that encourages people and organizations to improve their material well being
The concept that everyone can compete in the marketplace
The concept of giving everyone the same legal rights
The concept that people have the right and privilege to control their possessions as they wish
this allows people to decide what agreements they want to enter into
This allows people to decide what and when they want to buy and sell, rather than forcing them to buy or sell at certain times or prices
The rivalry among sellers to attract customers while lowering costs
A private organization that tries to persuade public officials to act or vote according to the interest of the group's members
requires companies to give consumers important information about their products
The concerns of the public as a whole
The study of the behavior and decision making of entire economics
the studyof the economic behavior and decision making of small units such as individuals, families and businesses
This part of the economy involves the transactions of the government
The part of the economy that involves the transactions of individuals and businesses
The total value of all final goods and sevices produced in a particular economy
a period of macroeconomic expansion followed by a period of contractioon, or decline
someone who would not choose to pay for a certain good or service but would get the benefits of it anyway
A situation in which the market, on its own, does not distribute resources efficiently - example of free rider
this is an economic side effect of a good or service that generates beneefits or costs to someone other than the person deciding how much to produce or consume
an income level below that which is needed to support families or households

Economics Crossword

Economics  Crossword
Type
Crossword
Description

Steady, long term increase in real GDP
The effort that people devote to a task for which they are paid
An arrangement that allows buyers and sellers to exchange things
The struggle among producers for the dollars of consumers
The most desirable alternative given up as the result of a decision
A situation in which a good or service is unavailable
Any human made resource that is used to create other goods or services
The market in which households purchase the goods and services that firms produce
A business organization owned by two or more persons who agree on a specific division or responsibilities and profits
A legal entity owned by individual stockholders
Economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets
An Economic system characterized by private or corporate ownership of capital goods
The force that encourages people and organizations to improve their material well being
The average of all prices in the economy
A tax on the value of a property

Introduction to Business Ch 1 & 2 vocabulary Word Search

Introduction to Business Ch 1 & 2 vocabulary Word Search
Type
Word Search
Description

entrepreneurial resources
factors of production
equilibrium price
capital resources
natural resources
economic systems
entrepreneurship
command economy
;abor resources
market research
market economy
mixed economy
entrepreneur
competition
economics
resources
scarcity
consumer
business
services
demand
supply
profit
price
goods
needs
wants