Across
- 6. the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix
- 8. is the broadest quantitative measure of a nation's total economic activity.
- 9. the lowest remuneration that employers can legally pay their workers
- 10. the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics.
- 12. a measure of economical stability
- 13. an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism.
- 14. the ability of members of a society to undertake economic actions.
Down
- 1. the act of buyers and sellers freely and willingly engaging in market transactions.
- 2. a sustained increase in the general price level of goods and services in an economy over a period of time.
- 3. the situation in an economy where the desires and needs of consumers control the output of producers
- 4. the foundation of economic security for millions of Americans—retirees, disabled persons, and families of retired, disabled or deceased workers.
- 5. a type of investing or budgeting style for which real return rates or periodic income is received at regular intervals and at reasonably predictable levels.
- 7. the motivation of firms that operate so as to maximize their profits.
- 11. a system of measures that uses material means to motivate participants in production to work for the creation of the social product.