Type
Crossword
Description

the totality of the changes in economic and social organization that began about 1760 in England and later in other countries, characterized chiefly by the replacement of hand tools with power-driven machines, as the power loom and the steam engine, and by the concentration of industry in large establishments Industrial Revolution
a supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer, etc.; inventory Stock
a tract of land surrounded by a fence enclosure
an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members corporation
Crop rotation is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons. It helps in reducing soil erosion and increases soil fertility and crop yield croprotation
Adam Smith was a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment. Smith is best known for two classic works: The Theory of Moral Sentiments, and An Inquiry into the Nature and Causes of the Wealth of Nations adamsmith
the large-scale introduction of manufacturing, advanced technical enterprises, and other productive economic activity into an area, society, country, etc industrialization
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth capitalism
a building or group of buildings with facilities for the manufacture of goods factory
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole socialism
Karl Marx was a German philosopher, economist, sociologist, journalist and revolutionary socialist karlmarx
a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk entrepreneur
a group of states or nations united into one political body union
to deal a blow or stroke to (a person or thing), as with the fist, a weapon, or a hammer; hit strike
of, relating to, or characteristic of the middle class; bourgeois middleclass

The Industrial Revolution Crossword

Type
Crossword
Description

Increased output of machine made goods. Industrial Revolution
Wealthy landowners enclosed farms with hedges and fences and conducted experiments Enclosure
Farmers planted crops to restore the nutrients to soil. Crop Rotation
The development of industries for the machine production of goods. Industrialization
A large building in which machinery is used to manufacture goods Factory
A person who manages, organizes and takes on risk of a business. Entrepreneur
The growth of cities and the migration of people into them Urbanization
A social class made up of skilled workers, professionals, business people, and wealthy farmers. Middle Class
Selling away ownership of company or parts for money. Stock
Is a business owned by stockholders. Corporation
Is an economic system in which the factors of production are privately owned Capitalism
Workers joined together in voluntary labor associations. Union

Economics Chapter 2 Vocabulary Part 2 Crossword

Type
Crossword
Description

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

Economics Vocabulary Crossword

Type
Crossword
Description

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

Industrial Revolution Vocabulary Crossword

Type
Crossword
Description

the era when the use of power-driven machinery was developed Industrial Revolution
a process in Europe from 1700's to the mid 1800's where landowners fenced small fields to create large farms, allowing for more efficient farming enclosure movement
the basic resources for industrialization, such as labor, land and capital factors of production
a usually small-scale industry carried on at home by family members using their own equipment cottage industry
developing industries for the production of goods industrialization
a place where goods are manufactured in mass quantity factory
an organization representing worker's interests labor unions
a work stoppage strike
the system of manufacturing large numbers of identical items mass production
identical machine-made parts that can be substituted for each other in manufacturing interchangeable parts
a mass-production process in which a product is moved fowrd through many work stations where workers perform specific tasks assembly line
a buisness system where companies are allowed to conduct a buisness without interference by the government laissez-faire
a risk taker who starts a buisness system within the economic system of capitalism entrepreneur
a political and economic system in which society, usually in the form of government, owns the means of prodution socialism
economic and political system in which government owns the means of production and controls economic planning communism
a meausure of the quality of living standard of living

Chapter 9 Vocab by Samuel McBride Crossword

Type
Crossword
Description

greatly increased output of machine-made goods that began in England in the middle 1700s Industrial Revolution
wealthy landowners enclosed their land with fences or hedges. The increase in their landholdings enabled them to cultivate larger fields. enclosures
the action or system of rotating crops to restore nutrients crop rotation
which is the process of developing machine production of goods, required such resources. Industrialization,
the resources needed to produce goods and services that the Industrial Revolution required factors of production
Wealthy textile merchants set up the machines in large buildings factories.
a person who organizes, manages, and takes on the risks of a business. entrepreneur
city building and the movement of people to cities urbanization
, a social class made up of skilled workers, professionals, businesspeople, and wealthy farmers. middle class
certain rights of ownership. stock
is a business owned by stockholders who share in its profits but are not personally responsible for its debts. corporation
refers to the economic policy of letting owners of industry and business set working conditions without interference. laissez faire
a professor at the University of Glasgow, Scotland, defended the idea of a free economy, or free markets, in his 1776 book The Wealth of Nations. Adam Smith
m is an economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit. Capitalism
the doctrine that an action is right insofar as it promotes happiness, and that the greatest happiness of the greatest number should be the guiding principle of conduct. utilitarianism
the factors of production are owned by the public and operate for the welfare of all socialism
x introduced the world to a radical type of socialism called Marxism. Karl Marx
all land, mines, factories, railroads, and businesses—would be owned by the people communism
To press for reforms, workers joined together in voluntary labor associations unions
refuse to work. strike

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

Chapter 23 Crossword Puzzle

Type
Crossword
Description

Money available for investment capital
A person who finds new business opportunities and new ways to make profits entrepreneur
A method of production in which tasks are done by individuals in their rural homes cottage industry
A system of production where goods are manufactured by machines under one roof, with unskilled labor, using standardized parts factory system
The process in which coke derived from coal is used to burn away impurities in crude iron to produce high quality iron Puddling
An economic system based on industrial production or manufacturing Industrial Capitalism
A system in which society, usually in the form of the government, owns and controls the means of production Socialism
Relating to a political group associated with views, practices, and policies of extreme change Radical
An empire in which people of many nationalities live Multinational empire
The act, process, or result of making into a coherent or coordinated whole; the state of being unified Unification
The reliance on military strength militarism
German for "Caesar"; the title of the emperors of the Second German Empire Kaiser
A popular vote Plebiscite
The act of setting free Emancipation
a movement to end slavery Abolitionism
A person of European descent born in Latin America and living there permanently Creole
a person born on the Iberian Peninsula; typically, a Spanish or Portuguese official who resided temporarily in Latin America for political and economic gain and then returned to Europe Peninsulare
A person of mixed European and Native American descent Mestizo
In post-revolutionary Latin America, a strong leader who ruled chiefly by military force, usually with the support of the landed elite Caudillo
A crop that is grown for sale rather than for personal use Cash crop

Economic vocab Crossword

Type
Crossword
Description

Limited quantities of resources to meet unlimited wants. Scarcity
Resources that are used to make ALL goods and services. Productive resources
Food, air, and shelter and attention we desire. Wants & needs
The most desirable alternative given up as the result of a decision. Opportunity cost
An alternative we sacrifice when we make a decision. Trade-off
Natural resources that are used to make goods Land
The effort that a person devotes to a task for which that person is paid. Labor
Any human-made resource that is used to produce other goods and services. Capital
The process of designing, launching, and running a new business. Entrepreneurship
use an economy's resources. Possibilities curve
choices decision making
Satisfaction or utility that a person receives from consuming an additional unit of a good or service. Marginal benefit
The cost of producing one more unit of a good. Marginal costs
The concentration of the productive efforts of individuals and firms on a limited number of activities. Specialize
elimination of government power in a particular industry, usually enacted to create more competition within the industry. Deregulation
the state or quality of producing something, especially crops. Productivity
Situation in which allocation of goods and service is not efficient Market failure
theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned. Property rights
service that is provided without profit to all members of a society, either by the government or a private individual or organization Public goods
product that must be purchased to be consumed, and its consumption by one individual prevents another individual from consuming it. Private goods
Where the government, rather than the free market, determines what goods should be produced Command system
economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. Mixed system

Industrial revolution vocabulary Crossword

Type
Crossword
Description

the changes in manufacturing and transportation that began with fewer things being made by hand but instead made using machines in larger-scale factories Industrial Revolution
an area that is sealed off with an artificial or natural barrier enclosure
the action or system of rotating crops crop rotation
the development of industries in a country or region on a wide scale industrialization
a building or group of buildings where goods are manufactured or assembled chiefly by machine. factory
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. entrepreneur
the process of making an area more urban Urbanization
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. corporation
a policy or attitude of letting things take their own course, without interfering. Laissez faire
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. capitalism
the doctrine that actions are right if they are useful or for the benefit of a majority. utilitarianism
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. socialism
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. communism
the action or fact of joining or being joined, especially in a political context. union
became common during the Industrial Revolution, when mass labor became important in factories and mines. strike
economic term that describes the inputs used in the production of goods or services in order to make an economic profit. factors of production

Mercantilism Crossword

Type
Crossword
Description

Father of Modern Economics Adam Smith
belief in the benefits of profitable trading Mercantilism
a social or economic system built on manufacturing industries. Industrilism
(of a form of government, constitution, etc.) belonging to, or characteristic of a republic. Republican
relating to or supporting democracy or its principles. Democratic
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. Capitilism
How long did the industrial revolution last? 100 years
a state in which supreme power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch. republic
What determined the pricing of an object? Supply and Demand
What is the name of better the product the cheaper? Law of Competition
What is it called when profit is made by the owner? Law of self interest
What is a system free of government regulations? Laissez faire