Economics Crossword

2. Governments will often use … prices in order to help producers
5. The United States and Singapore are examples of two countries that are focused on more … leaning market economies.
8. Needing money to provide essential services, public and merit goods is why … revenue is applied.
11. The benefit not factored into the market transaction.
12. The formula to calculate … benefit is private benefit plus external benefit.
14. Goods that have harmful impacts on consumers or society, e.g. drugs.

1. Property ownership is a characteristic of a market economy, where individuals have the right to … the factors of production.
3. An economic system with no government intervention is a … economy.
4. The higher the level of government intervention, the more the economy will lean towards operating like a … economy.
6. A … develops as firms increase market power through mergers and acquisitions
7. Market... often occurs when there is a less optimum allocation of resources from society's point of view.
9. The aim of promoting … is to reduce the opportunity gap between the rich and poor.
10. A … economy is a blend of a market and planned economy, where individuals, firms and the government own factors of production and distribute goods and services.
12. The 4 most common ways used in government intervention in markets are : Indirect taxation, Maximum Prices, Minimum Prices and…
13. This country is known for its long communist leadership, focusing on a more socialist-leaning planned economy, but not as ruthless as North Korea, the country is…