Economics - Market & Mixed Economy

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Across
  1. 4. What will start to develop as firms increase market power.
  2. 5. A Mixed economy is a combination of Market & _____ economy.
  3. 6. When there are under-provision goods/services in a market & under-allocation of the resources used to make these goods/services, it leads to _____.
  4. 7. The other name for a Market economy.
  5. 8. Types of goods which have harmful impacts on consumers/society.
  6. 10. The other method to address Market failure with the Government taking control & ownership of firms that were in the private sector is called.
  7. 11. What does Government Intervention help reduce by taxing the rich & give to the poor.
  8. 15. The thing government choose to support so as to help them remain competitive.
Down
  1. 1. The factor that an economy doesn't have that makes it a market economy.
  2. 2. The term called when "the rich get richer and the poor get poorer".
  3. 3. A factor in Market economy that is lowered by firms to maximize profits.
  4. 9. What is needed to be promoted so the opportunity gap between the rich & poor gets reduced.
  5. 12. A Characteristic of Market Economy is Self Interest, which maximizes workers _____.
  6. 13. In order for the Government to provide essential services, public and merit goods, they need to earn _____.
  7. 14. There are 4 common methods to address market failure which are indirect taxation, _____, maximum prices, & minimum prices.