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