Across
- 4. an economic system combining private and public enterprise.
- 6. sustained rise in the general level of prices of goods and services.
- 8. a thing that motivates or encourages one to do something.
- 9. act of buyers and sellers freely and willingly engaging in market transactions.
- 10. an event or contest in which people compete.
- 12. concept or idea of fairness in economics, particularly in regard to taxation or welfare economics.
- 13. driving force that encourages people and organizations to improve their material well-being.
- 14. the total of all value added created in an economy.
Down
- 1. role of consumer as ruler of the market in determining the types of goods and services produced.
- 2. the lowest wage permitted by law or by a special agreement
- 3. federal programs of disability and retirement benefits that cover most working people.
- 5. income that does not increase overtime.
- 7. the fundamental right of every human to control his or her own labor and property.
- 11. when there is little to no change in the economy over a period of time.