Chapter 3-1

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Across
  1. 4. an economic system in which private business operates in competition and largely free of state control.
  2. 6. one of the pillars of capitalist economies, as well as many legal systems, and moral philosophies
  3. 8. transportation fuels such as ethanol and biomass-based diesel fuel that are made from biomass materials
Down
  1. 1. the desire for financial gain as an incentive in economic activity.
  2. 2. the act of buyers and sellers freely and willingly engaging in market transactions
  3. 3. sharp decline in economic activity during the late 2000s
  4. 5. he person or people with whom one is competing, especially in a commercial or sporting arena; the opposition.
  5. 7. a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.