The structure of methods that a society uses to produce and distribute goods and services
The income people receive in return for supplying factors of production
The amount of money a business receives in excess of its expenses
Level of economic prosperity
Any arrangement that allows buyers and sellers to exchange things
An organization that uses resources to produce a product or service, which it then sells
A person or group of people living in a single residence
The arena of exchange in which firms purchase the factors of production from households
A range of economic and political systems based on the belief that wealth should be evenly distributed throughout society
A political system in which the government owns and controls all resources and means of productions and makes all economic decisions
Describing a form of government that limits individual freedoms and requires strict obedience from its citizens
Another name for a centrally planned economy
The doctrine that government generally should not intervene in the marketplace
Property that is owned by individuals or companies, not by the government or the people as a whole
A market-based economic system in which the government is involved to some extent
A period of change in which nation moves from one economic system to another
The incentive that drives individuals and business owners to improve their material well-being
The principle that anyone can compete in the marketplace
The principle that everyone has the same legal rights
The principle that people have the right to control their possessions and use them as they wish
The study of economic behavior and decisions in a nations whole economy
The study of economic behavior and decision-making in small units, such as households or firms
A period of macroeconomic expansion, or growth, followed by one of contraction, or decline
A proposed law submitted directly to the public
The action of inventing something, typically a process or device.
The widespread development of industries in a region, country, culture,etc.
Of or relating to cities and the people who live in them.
Of or relating to the country, country people or life, or agriculture.
An organization of workers formed for the purpose of advancing its members' interest in respect to wages, benefits, and working conditions.
The fact of being owned by a private individual or organization, rather than by the state.
A person who starts a business and is willing to risk loss in order to make money.
The process of making an area more urban.
A policy that allows businesses to operate with very little interference from the government.
A new idea, device, or method.
The teacher asks a question over and over again until the student understands
People choose the government
People have the power as well as the elected government officials
A species of human
To last forever
city with surround territory
belonging to a state
to leave out
The highest class of society
to keep orderly
worship of many gods
fictional stories of gods and heroes
principles on how a state is governed
The ruling class (11)
Founder of Marxism (4,4)
Marxism is a ____ theory (8)
An economic and political system in which a country's trade and industry are controlled by private owners (10)
The working class (11)
The action or fact of treating someone unfairly in order to benefit from their work (12)
The working class and ruling class are types of _____ (6,5)
A forcible overthrow of a government or social order, in favour of a new system (10)
A system of social organisation in which all property is owned by the community and each person contributes and receives according to their ability and needs (9)
The ____ of a society includes things such as; family, education, religion, the political system and beliefs and values (14)
The profit made from the means of production is called ____ (7,5)
This is Bostyn's last year in ______. She says she loves her teacher (me), her friends, and learning.
Myles loves going to his _____ class; learning to jump, run, and roll. His favorite is when they get to climb the rope to the ceiling.
Angel is ______ and due at the end of May.
Joey has been working at the site for _____ years. He is a chemist and works long and hard.
Myles' favorite things about 1st grade are his teacher and _____.
Bostyn loves her ______ class. She insists on always having her hair in a bun for her class.
Angel served as Relief Society secretary for only 6 months, and has recently been called to be ______ president.
Joey worked hard on our yard this _____. He removed/added fences, built a chicken coop, a green house and more.
Myles and Bostyn are both in kids' _____. After Bostyn's first concert, Myles was inspired by the music and wanted to join her. It makes a Mama's heart proud to see her kids up there singing their hearts out.
We love you all and hope you have a very merry ______, as we reflect on the birth of our Savior.
The new right
Value of all final goods and services produced within the borders of a country
Compulsory payments made by individuals and businesses to the government
Goods and services produced in other countries and purchased by local businesses and individuals
Goods and services produced locally and then sold for consumption outside the borders of the country.
A negative economic growth for at least two successive quarters
A document that details expected revenue and projected expenditure
A business owned wholly or partly by the government and run by private authority, e.g ESKOM
An indirect tax on goods and services consumed in the economy
A sustained and significant increase in the general price level over a period of time; leads to a decline in the buying power of money.
An index that measure consumer inflation
An increase in the production of goods and services
People who want to work, are looking for work, but cannot find work