Economics System

1234567891011121314151617181920
Across
  1. 3. an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal.
  2. 5. a type of economic system involving the public, cooperative, or social ownership of the means of production in the framework of a market economy
  3. 6. the policy of protecting domestic industries against foreign competition through tariffs, import quotas and subsidies, or other restrictions placed on the imports of foreign competitors.
  4. 8. a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase
  5. 9. corrupt politicians enrich themselves secretly outside the rule of law, through kickbacks, bribes, and special favors from lobbyists and corporations, or they simply direct state funds to themselves and their associates.
  6. 11. the demand for a good or service is greater than the availability of the good or service.
  7. 13. a spending plan based on income and expenses.
  8. 15. the rate of increase in prices over a given period of time.
  9. 16. the result of human innovation and technological progress.
  10. 17. an economic and political system in which a country's trade and industry are controlled by private owners for profit.
  11. 19. foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
  12. 20. the founder of monetarism, his work and theories influenced economic policies in the United States and abroad.
Down
  1. 1. reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people.
  2. 2. the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.
  3. 4. the law of supply and demand, rather than a central government, regulates production, labor, and the marketplace.
  4. 7. a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services.
  5. 10. anything that is generally accepted to have value as a medium of exchange so that it can be traded for goods and service
  6. 12. refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy.
  7. 14. a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government.
  8. 18. where the price and allocation of resources, goods and services is determined by the government rather than autonomous agents as it is in a free market economy.