ECONOMICS Review

12345678910
Across
  1. 3. A government attempt to intervene in markets to address failures or inefficiencies, often through policies.
  2. 6. The concept where people may not fully consider the long-term costs of their actions, like smoking.
  3. 9. The process of regulating businesses to ensure they don’t exploit consumers or harm the environment.
  4. 10. A situation in which the government owns and operates a business or service.
Down
  1. 1. The failure to account for the full costs or benefits of an economic action on third parties.
  2. 2. The act of removing restrictions and government controls from businesses or industries.
  3. 4. A market failure that occurs when a good or service has benefits beyond the individual consumer, like education.
  4. 5. Government intervention where state-owned industries are sold to the private sector.
  5. 7. A service that the market fails to provide sufficiently or at all, such as national defense or clean air.
  6. 8. A situation where a market or industry is dominated by a single seller, leading to reduced competition.