Economics Influencers

3. The type of economics that states when the business cycle is contracting and people need help, the government should intervene to help the economy “fix itself” at a faster rate.
5. A financial gain, especially the difference between the amount earned and the amount spent.
9. The economic system where there is no Government interference.
10. The economic system that has freedom to choose what to make AND Government support.
11. When the economy is bad, people want to save this.
12. An individual who buys things.
14. The theory that the demand for goods and services drives economic activity.
16. A social hierarchy in which society is divided up based upon their socio-economic status and cultural values.
18. The term coined by Adam Smith stating that the economy will fix itself over time.
19. Published “The General Theory of Employment, Interest, and Money” in 1936.
20. The economic system based on trade.

1. A form of Socialism based on the writing of Karl Marx.
2. A haircut is an example of this.
4. A severe and prolonged economic downturn; an extreme recession.
6. A gaming console is an example of this.
7. A significant, widespread, and prolonged downturn in economic activity.
8. The economic system where the Government owns all resources and tells people what to make.
13. Wrote "The Communist Manifesto."
15. The rivalry between companies selling goods or services.
17. The Father of Economics.