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Across 3. Financial gain from a business transaction 4. Any place of situation in which people buy and sell resources, goods and services 9. The market for the factors of production (2 Words) 11. the rights of individuals and groups to own property (3 Words) 13. All the economic interaction that cross international boundaries (2 Words) 17. Economic system based on customs and beliefs 18. An economic system that has elements of market and planned economies 19. Economic system were the government makes all the decisions. 20. based on individual choice and not government directives 21. "Leave things alone" (2 Words) 22. The idea that because consumers are free to purchase what they want and to refuse products they do not want (2 Words) 23. an economic system in which the government owns some or all of the factors of production 24. a trade in which the parties involved anticipate that the benefits will outweigh the cost (2 Words)

Down 1. This type of system requires absolute obedience to authority 2. To change from government or public ownership to private ownership 3. The market where goods and services are bought and sold (2 Words) 5. A tool that economists used to understand how market economies operate (3 Words) 6. the way a society uses its scarce resources to satisfy its people's unlimited wants (2 Words) 7. Effort of two or more people, acting independently, to get the business of others by offering the best deal 8. Another name for a command economy (3 Words) 10. To change from private ownership to government or public ownership 12. Situation in which people concentrate their efforts in the areas in which they have an advantage 14. German philosopher, historian, and economist. (2 Words) 15. A more extreme form of socialism 16. Economic system that is based on private ownership of the factors of production