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EBA Economic Systems Explained

Complete the crossword by entering the correct answer in each category.

Crossword hints:
Goods produced and used to make other goods and services., Economic system that is run by a central government or authority., One who uses goods and/or services., An individual%27s need or desire for a good or service at a given price., Making choices and satisfying the wants and needs of consumers., The initiative to improve goods and services or create new opportunities.., The knowledge, efforts, and skills people bring to their work, also known as labor., Characterized by private ownership of the means of production (ex: farms %26 factories)., A combination of a command and market economy., %22Gifts of Nature%22 that are present without human intervention (example: land)., Things that you must have in order to survive (such as food, clothing, and shelter)., The amount at which a good or service will be sold at in a market., The condition that exists when wants exceed resources available to satisfy wants., Characterized by more government ownership and central planning., How much of a good or service a producer is willing and able to produce at different prices., The type of economy where people believe in doing things the same way they always have done in the past., Things you think you must have in order to be satisfied (not necessarily for survival).,

Crossword words:
TRADITIONAL, SCARCITY, ENTREPRENEURIAL RESOURCES, PRICE, SOCIALIST, CAPITAL, DEMAND, SUPPLY, MARKET ECONOMY, COMMAND, NATURAL RESOURCES, MIXED, HUMAN, NEEDS, WANTS, ECONOMICS,