Student Choice Economics Assignment

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Across
  1. 1. a Scottish economist who came up with the idea of capitalism. He is known as the father of modern economics, wrote the Wealth of Nations, and influenced the Founding Fathers of the United States.
  2. 4. a person who buys goods and services
  3. 6. the person who makes the goods
  4. 8. the name of Adam Smith’s idea of a free market economy
  5. 10. The total amount of a specific good or service that is available to consumers
  6. 12. domain the government’s right to take private property for public use as long as they pay a fair price to the owner
  7. 13. the founder of a business. Someone who assumes the risk of organizing resources to produce goods and services.
  8. 15. a thing that people sell
Down
  1. 2. The price of a good when sold in a given market
  2. 3. another term for communism, an economic system where property and business are owned by the government. The government makes choices about producing and pricing.
  3. 5. the role of the government is to protect these
  4. 7. people or businesses offering goods for sale
  5. 9. the money received in payment for goods or services
  6. 11. when different businesses compete for consumers’ money such as Walmart v. Target or Microsoft v. Apple.
  7. 14. The leftover money after a business has taken care of all expenses