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Government Terms

Across
Tools, machines, and factories used to produce goods.
based on a free market operated in conjunction with state provision for those unable to sell their labor
To produce something in need
Production based on how it was done in the past, no factories, use of barter
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Down
the loss of potential gain from other alternatives when one alternative is chosen
an insistent and peremptory request
an economy in which production, investment, prices, and incomes are determined centrally by a government.
Some choices, private ownership, private production of goods, unlimited production based on consumer demands
the state of being scarce or in short supply; shortage
an economic system combining private and public enterprise.
Founder of modern day economics
Communism is based of his ideas