Across
- 5. the lowest wage permitted by law or by a special agreement (such as one with a labor union)
- 6. an economic system combining private and public enterprise
- 7. the total value of goods produced and services provided in a country during one year
- 9. a thing that motivates or encourages one to do something
- 11. a rise in the general level of prices
- 12. the act of buyers and sellers freely and willingly engaging in market transactions
- 13. the fairness and distribution of economic wealth, tax liability, resources, and assets in a society
- 14. the desire for financial gain as an incentive in economic activity
Down
- 1. a federal program of disability and retirement benefits that covers most working people
- 2. the situation in an economy where the desires and needs of consumers control the output of producers
- 3. an income that does not increase over time, even though prices do
- 4. the activity or condition of competing
- 8. a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity
- 10. the ability of people of a society to take economic actions