Across 1. a range of economic & political beliefs that wealth
should be evenly distributed in a society
5. anything that serves as a medium of exchange, unit
of account, & store of value
6. the effort people devote to a task for which they are
Paid
10. any human-made resource that is used to
produce other goods & services
13. people decide what, when, & how they want to
buy & Sell
15. reward or penalty that encourages a person to
behave a certain way
Down
2. the most deseirable alternative given up
3. a person who decides how to combine resources to
make goods & services
4. little
to no change in the economy over a period of
time.
7. giving up one benefit to gain another greater
benefit; a choice
8. an economic & political system in which a country's
trade & industry are controlled by private owners for
profit
9. level of unemployment when there is no cyclical
unemployment
11. ali natural resources used to produce goods &
services
12. limited amount of goods & services are available
to meet unlimited wants
14. political system in which the government owns &
controls all resources & means of production, &
makes all economic decisions