JA Chp. 2 Word Scramble
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| Question | Answer |
| An exchange of goods and services without using money. | Barter |
| An economic system in which the government holds most property rights. | Command Economy |
| A condition of economic fairness and impartiality. | Economic equity |
| A condition in which individuals and businesses have freedom of choice in employment, buying, selling, use of time, and other economically related decisions. | Economic freedom |
| A condition in which the output of goods and service in an economy increases over the period of a year. | economic growth |
| A condition in which the basic needs of every person should be met. | economic security |
| The condition that allows people to freely make choices in their economic roles. | free enterprise |
| A condition in which almost all people in the labor force are able to find work. | full employment |
| Rivalry among businesses for resources and customers. | market competition |
| An economic system that blends voluntary exchange, government command, and traditional elements of economic choice-making. | mixed economy |
| Anything that is generally accepted as payment for goods and services. | money |
| An economic condition in which prices of goods, services, and resources do not fluctuate significantly, either up or down, in a short period of time. | price stability |
| An arrangement that uses monetary prices as messages to facilitate exchanges between buyers and sellers. | price system |
| Resources and products owned by individuals or businesses. | private property |
| An inequality that exists between wants and the resources available to satisfy them. | scarcity |
| A process in which businesses and people focus on producing one or a few parts of an entire product. | specialization |
| An economic system in which people rely on traditions or customs to make what, how, and for whom choices. | traditional economy |
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