Characteristics of the US Economy

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Across
  1. 2. the income of a government or business
  2. 4. personally owned property defined and protected by the government
  3. 5. the amount of a good or service that consumers are willing and able to buy at different prices during a given time period
  4. 11. the amount of a good or service that producers are willing and able to offer for sale at each possible price during a given period of time
  5. 12. the point where supply and demand meet; everyone who wants to sell at that price can sell, and everyone who wants to buy at that price can buy
  6. 13. the amount paid for an item or service
  7. 15. new methods, ideas, products, etc that generally make life easier
  8. 17. goods, services, and resources flow in one direction, and money flows in the opposite direction
  9. 18. how effectively a company generates products/services related to the time and money needed to produce them
Down
  1. 1. includes banks and credit unions. They receive deposits and make loans
  2. 3. a person who thinks of an idea for a new product or business and then works to build that business
  3. 6. form of business with two or more owners who share the risks and profits
  4. 7. form of business with one owner who takes all the risks and all the profits
  5. 8. an economic system that operates without undue government interference
  6. 9. the cost of borrowing money, or percentage paid by bank to encourage saving
  7. 10. money loaned to people or businesses to start or grow business
  8. 14. a form of business that legally acts as a single business entity, sharing ownership and profits, but with some financial protection for shareholders
  9. 16. money received for labor or products