Across
- 2. The way goods and services are produced and consumed
- 6. a market economy in which the government owns some property, offers some kinds of goods and services, and makes some rules that affect how businesses can compete
- 9. process of developing newer, better things
- 10. the entire activity of buying and selling that takes place out in the world
- 11. The thing that motivates consumers
- 13. the amount of something that is available
Down
- 1. Someone who makes goods or offers services to others
- 3. the government decides what will be produced, how much will be produced, and how much goods and services will cost
- 4. Producers are free to decide what to produce, and consumers are free to buy whatever they need and want
- 5. the number of consumers who want something
- 7. Someone who acquires goods and services for his or her own personal use
- 8. Financial gain received by selling something for more than it cost to make it
- 12. Producers battling over who can make the most profit
- 13. the limited amount of resources available