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Across 3. Any item used to accomplish another activity, such as producing/providing goods and services 6. command economic system in which the government controls the economic system and does not allow private ownership of the means of production and distribution, little or no competition 7. All the resources required in the production of goods and services (3 Words) 9. economic system in which the questions of what, how, and for whom goods will be produced are answered by individuals and businesses in marketplace (2 Words) 11. Something of value that can be used to obtain goods and services; most common form is money (3 Words) 12. include producers, consumers, and government. Producers make or provide products, consumers purchase products, and government makes and enforces the country\rquote s laws 13. people who make or provide goods and services 14. modified command economic system in which government owns the basic means of production and allows private ownership of businesses as well, called welfare states because governments provide free medical care, education, financial assistance. Government charges high taxes to pay for programs.

Down 1. economic system in which people produce only what they must have in order to exist; all economic decisions are based on habit and tradition passed down through the generations. (2 Words) 2. Influencing or relying upon one another 4. economic system in which all or many of the means of production and distribution are owned/controlled by government, 2 primary types are communism and socialism (2 Words) 5. country's arrangement for making and enforcing laws 8. organized way in which a country handles its economic decisions and solves its economic problems (2 Words) 10. condition resulting from the gap between limited resources and unlimited wants for goods and services 12. Monetary reward a business owner receives for taking the risk involved in investing in business; income left once all expenses are paid