Economics Vocab

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Across
  1. 2. ______ was the father of modern economics
  2. 5. The money received in payment for goods and services
  3. 10. ______ are things that are sold
  4. 11. When consumers are willing to buy at a certain price
  5. 13. _______ is to protect property rights
  6. 14. Individuals own businesses and property
Down
  1. 1. The name of Adam Smiths idea of a free market economy
  2. 3. The right to make decisions for an individuals business or property
  3. 4. ______ is the economic system where the government controls everything
  4. 6. A person who purchases goods or services
  5. 7. A person who makes goods
  6. 8. When different businesses consumers for consumers
  7. 9. The way people earn money
  8. 12. _____ are people who sell goods or services