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Economy 2 Vocabulary Crossword
Down
:
1) Act of buyers and sellers freely and willingly engaging in market transactions
2) Role of consumer as ruler of the market when determining the types of goods and services produced
3) Organized way in which a society provides for the wants and needs of its people
8) Economic system in which private citizens own and use factors of productions in order to generate profits
9) Economic system that has some combination of traditional, command, and market economies
10) Extent to which persons or organizations are better off financially at the end of a period than they were at the beginning
Across
:
4) Lack of movement
5) Economic system in which supply, demand, and the price system help people make economic decisions and allocate resources
6) Fundamental feature of capitalism that allows individuals to own and control their possessions as they wish
7) Federal program of disability and retirement benefits that covers most working people
8) Economic system with a central authority that makes the major economic decisions
11) Rise in the general level of prices
12) Income that does not increase even though prices go up
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