Economics Crossword Puzzle

5. lowest legal wage that can be paid to most workers
6. an economic system combining private and public enterprise.
7. is the total value of goods and services produced in a country.
9. are financial motivations for people to take certain actions.
11. a general increase in prices and fall in the purchasing value of money.
12. the act of buyers and sellers engaging in market transactions,freely and willingly
13. Dividing resources in a way that is considered fair
14. the desire for financial gain as an incentive in economic activity.

1. a federal insurance program that provides benefits to retired people and those who are unemployed or disabled.
2. the situation in an economy where the desires and needs of consumers control the output of producers.
3. income that does not increase over time
4. where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.
8. Stable prices help avoid inflation (a rise in the general level of prices)
10. Freedom to make your own economic decisions