Across
- 2. The public authorities and agencies (federal, state, and local) that regulate, control, and manage a nation's economy
- 4. A theory suggesting that governments should actively spend money and lower taxes to boost demand during recessions, rather than waiting for the economy to fix itself
- 5. When a single company is the exclusive supplier of a product or service, facing no competition and no close substitutes
- 7. An economic system combining private enterprise with government intervention, blending elements of capitalism and socialism.
- 8. An individual or group that purchases or uses goods and services primarily for personal, household, or family needs rather than for resale or production
- 12. An economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit.
- 14. The amount of money required to purchase a good or service
- 16. An economic system where a central authority, typically the government, makes decisions regarding the production, investment, and distribution of goods and services
- 19. A market structure dominated by a small number of large firms that control the majority of market share
- 21. The inputs used to create goods and services to satisfy human wants
- 22. Any asset used to produce profits for an investor
- 23. Physical or mental work, often performed for wages, or the process of childbirth
Down
- 1. A government-owned enterprise in Canada, owned by federal or provincial governments, that operates commercially to advance public policy objectives
- 3. All naturally occurring resources used in production
- 6. The rivalry among sellers trying to achieve goals such as higher profits, market share, and sales volume by varying the marketing mix—price, product, distribution, and promotion
- 9. An economic system where production, prices, and purchasing decisions are determined by consumer demand and competition rather than government control.
- 10. The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources
- 11. A philosopher and economist known for his critiques of capitalism, the development of Marxism, and advocating for a classless society
- 13. An individual, firm, or entity that creates goods or provides services to satisfy consumer demand
- 15. Organized groups of workers that negotiate collective agreements for better pay, benefits, and workplace safety
- 17. Scottish philosopher and economist known as the "father of modern economics" and capitalism
- 18. The quantity of a good that consumers are willing and able to purchase at various prices during a given time
- 20. The total amount of a good or service producers are willing and able to offer to the market at various prices over a specific period.