Econ 1-3B Inside Out Capitalism Socialism

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Across
  1. 2. The strongest criticism of capitalism is that the system is ___ & ___ ; it does bad things & it does not care.
  2. 3. Competition is scary & stressful, but on the positive side it is the incentive that leads to innovation & ___ .
  3. 5. 5 principles of capitalism: Some like government involvement, but since these programs lack competition & profit motive, they are not as efficient as private ___ .
  4. 7. 5 principles of capitalism: Some like government involvement, but since these programs lack competition & profit motive, they are behind schedule & ___ ___ .
  5. 8. 5 principles of capitalism: Some like government involvement, but since these programs lack competition & profit motive, they suffer ___ .
  6. 10. 5 principles of capitalism: some dislike competition because it results in ___ & ___ , the rich & the poor in society.
  7. 16. Just as Joy didn’t have a good opinion of Sadness (in Inside Out), almost half of young citizens in the U.S. don’t have a good opinion of ___ .
  8. 17. 1 alternative to profit motive is government involvement, such as ___ ___ grocery stores. But governments can be inefficient.
  9. 18. Competition leads to productivity & innovation, but on the negative side it can also lead to ___ , the economic losers.
  10. 19. The strongest criticism of socialism is that the system is not founded in ___ . too emotional, not intellectual.
Down
  1. 1. Due to individual choice & ___ exchange, profit motive & greed are kept in check. Producers must earn your money, not steal it.
  2. 2. Both socialists & capitalists agree that individual ___ is a must in the economy, with regard to the 5 principles of capitalism.
  3. 4. All systems are flawed, but capitalism accepts the good & bad in human nature, creating the best ___ to produce goods.
  4. 6. 5 principles of capitalism: Some dislike profit motive, but it is the incentive that keeps ___ ___ & gives you so many choices.
  5. 9. Capitalism may be cold & immoral, but the history of the Soviet Union shows ___ by itself cannot fix the problems of the world.
  6. 11. Capitalism may be cold & immoral, but its 5 core ___ create incentives that produce the goods that society wants.
  7. 12. A capitalist economic system is not perfect, but of course ___ ___ is perfect.
  8. 13. 5 principles of capitalism: Some dislike profit motive, but it is the incentive that causes capitalists to make something that ___ ___ .
  9. 14. It is not fair to compare socialism & capitalism, because most nations are ___ economies, which combine the two systems.
  10. 15. On the internet, regarding economic research, there is no rational ___ over facts & policy, there is only fighting & name-calling.