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Economics Chapter 2

Teacher: Webster's World
Horizontales
A place where people come together to buy and sell.
Capitalism provides people with an _______ to work.
An economy in which there is a blend of economic systems.
Economy in which government leaders give the answers to the three basic economic questions.
Father of Modern Economic
Verticales
Economy is which traditions passed down from one group to another is how the 3 basic economic questions are answered.
Economic belief that government rather than individuals should own a country's major industry.
Everyday items that people purchase.
Large-scale production of basic items.
Pushes us to do what is best for ourselves.
Makes people do what they do best.
A government which citizen elect representatives to make and carry out laws.
A system in which individuals and private businesses own and control production.
Economy is which government owns all property.
Money left over after all the costs of production have been paid.
Believer in Communism