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Economic Systems Explained

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

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

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