Across
- 3. term translating to “let do”; economic concept which states there should be no government interference in the economy
- 6. of a product producers are willing and able to sell at various prices during a specific period
- 7. System
- 10. between the available quantity of a product and the want or need of a product
- 12. when a product is demanded more than the quantity supplied or produced
- 13. a society produces and distributes goods and services
- 14. principles and models which deal with the production, distribution and consumption of goods and services
- 15. of individual economic activity
Down
- 1. of a product consumers are willing and able to purchase at given prices during a certain period
- 2. ownership and management of businesses and resources
- 4. of a product demanded by consumers is unequal to the quantity of a product supplied by producers
- 5. when a product is supplied or produced more than the quantity demanded
- 8. all assets owned by individuals or businesses
- 9. balance of where the quantity of a product demanded by consumers is equal to the quantity of a product supplied by producers; intersection point where the demand curve meets the supply curve
- 11. of the economy as a whole
- 15. and Demand
