Economics Vocabulary Crossword

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