Economics Vocabulary Words Crossword

an economy in which customs and habits of the past decide what an how goods and services are produced, distributed and consumed
an economy in which centralized planning groups decide what an how goods and services are produced, distributed, and consumed
an economy in which changes and priceguide what and how goods and services will be produced and distributed and consumed
an economy that blends characteristics of both command and market economy, but falls closer to one form or the other
a decentralized market economy
in a centralized market economy, being told the government what and how much produce;(2) a limit placed on the number of imports that may enter a country
limited supply of something
a tax on imports
ways of limiting trade by tariffs, quotas, and embargoes
a government ordering stopping trade with another country to put pressure on the government of that other country
an area where there are no tariffs among participating countries for example north america or the Europeans union
the total value of all the final goods and services produced in a country in one year
measures the amount of GDP that is available on average for each person that is a better predictor of wealth for each person than GDP
economic level for the people in the country
workers of a business or country including education training skills and health
the percentages of a country's people who cannot read or write
goods which include factories, machines, technology, building and property needed for a business to operate
one who risk him or her own money time ideas and energy to start and run a business
the division of labor work is divided into parts for workers, factories or countries to become expert at producing goods
money used in a particular country to provide goods and services
determines price amount of goods available, how many consumers want the goods, and what they are willing to pay
is the best alternative given up. It's the most valuable alternative that you don't choose when you make a decision
a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee to a manual or unskilled working
exchange(good or services) for other goods and services without using money
farmers focus on growing enough food to feel themselves and their families there is usually not enough left over to barter(trade) or sell