Economics Crossword

2. In market economic system entrepreneurs _______ profits.
6. Total cost to society from a transaction (Private + External).
9. Competition encourages _____ and product development.
10. Goods Goods that are under-provided but beneficial to society.
11. A ____ Market is an economic system that has no government intervention called?
12. _____ gets concentrated in the hands of a few as they are able to keep buying up the scarce factors of production.
13. A blend of market economy and planned economy is called ____ economy?
14. How do governments in mixed economic systems get their money?
15. Goods Goods that are over-provided and harmful to society.

1. Costs not paid by the producer or consumer but by third parties.
3. Firms In a global economy, governments choose to support key industries so as to help them remain competitive. What type of government intervention is that called?
4. To reduce the opportunity gap between the rich and poor. What is that type of government intervention called?
5. A situation where resources are not efficiently allocated by the market.
7. Governments often support firms so as to help them remain globally ________.
8. Freedom of choice means ______ are free to start their own businesses.