Economics

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Across
  1. 6. The act of leaving one's job or ceasing to work, typically occurring at an age when individuals have reached a certain level of financial security and choose to no longer participate in the workforce.
  2. 9. Compulsory financial charges imposed by governments on individuals or businesses to fund public expenditures.
  3. 10. how, what, for whom?
  4. 11. Payments made by a corporation to its shareholders as a distribution of profits, usually on a regular basis.
  5. 14. the type of economy in which the consumer answers the three basic questions
  6. 15. father of modern economics, wrote the wealth of nations
  7. 17. Securities that represent ownership in a corporation and entitle the shareholder to a portion of the company's assets and earnings.
  8. 18. economy in which both consumer and government answer the three basic questions
  9. 19. The value of the next best alternative foregone when a decision is made. It represents the benefits that could have been gained from choosing an alternative course of action.
  10. 20. The activity or profession of producing advertisements for commercial products or services, aimed at attracting and persuading customers to purchase those products or services.
Down
  1. 1. A policy or attitude of letting things take their own course without interfering, particularly used in economics to advocate for minimal government intervention in the economy.
  2. 2. someone starting and operating a business, taking on financial risks in the hope of profit.
  3. 3. goods or services that are used together with another good or service. When the price of one complement increases, the demand for its complementary goods may decrease.
  4. 4. British economist whose ideas fundamentally changed the theory and practice of macroeconomics. Keynes advocated for government intervention in the economy to counteract economic downturns and promote stability.
  5. 5. A sustained increase in the general price level of goods and services in an economy over a period of time, resulting in a decrease in the purchasing power of money.
  6. 7. economy in which the government answers the 3 questions
  7. 8. An economic system characterized by private ownership of the means of production, market competition, and profit motive, with minimal government intervention in the economy.
  8. 12. A contract that transfers the risk of financial loss from an individual or business to an insurance company in exchange for payment of a premium.
  9. 13. goods or services that can be used as alternatives to each other. When the price of one good increases, the demand for its substitutes may increase as consumers seek cheaper alternatives
  10. 16. The process of creating a plan to manage income and expenses over a specific period of time, typically aimed at achieving financial goals and priorities.