Across
- 4. an economy designed to respond to the people and reflect the decisions and choices of the people
- 5. refers to the goods and services you can afford and that you consider essential for living
- 7. protects against financial losses that can result if you are responsible for injury to other people or for damage to the property of others
- 9. a formal demand for payment of a loss covered under the terms of an insurance policy
- 11. covers the loss of, or damage to, personal possessions
- 12. the amount of goods and services created for each hour on the job
- 13. protects against the cost of illness and injury
- 14. the total amount and quality of goods and services you can afford
Down
- 1. a certain amount of money or fee a person pays regularly to an insurance company for protection
- 2. an economy in which the state or other central authority decides how to use and distribute resources
- 3. payment of either the actual cash value of a loss or an amount that will return an insured person to his or her financial position before the loss, whichever is less
- 6. refers to the goods and services the majority of people in the nation can afford and consider essential for living
- 7. protects families against financial losses that result from death
- 8. products that have lasting value, such as furniture, appliances, and cars
- 10. a way to protect yourself against certain financial losses by paying a fee