Economics

6. the way people buy and sell stuff
8. stuff sold
9. the money received in payment for goods or services
11. People who sell stuff
12. Scottish economist who came up with the idea of capitalism. He is known as the father of modern economics, wrote the Wealth of Nations, and influenced the Founding Fathers of the United States.(Last name)
13. what consumers are willing to buy at a given price

1. the money left over after all expenses are paid
2. Makes goods
3. a person who buys goods and services
4. an economic system where property and business are owned by the government. The government makes choices about producing and pricing. The consumers have no choice.
5. an activity that someone is paid to perform
7. when different businesses compete for consumers’ money
10. the name of Adam Smith’s idea of a free market economy
12. the amount the seller has to sell at a particular price