Across
- 4. fuel made from wood peat, municipal solid waste, straw, corn, tires, landfill, gasses, fish oils and other waste.
- 6. rise in the general level of prices.
- 7. Free enterprise market economy where people carry on their economic affairs freely, but are subject to some government intervention and regulation; also see mixed economy
- 8. lowest legal wage that can be paid to most workers.
- 10. act of buyers and sellers freely and willingly engaging in market transactions; a character of capitalism and free enterprise.
- 12. the struggle among sellers to attract consumers.
- 13. fundamental feature of capitalism, which allows individuals to own and control their possessions as they wish; includes both tangible and intangible property.
- 15. driving force encourages people and organizations to improve their material well-being; characteristic of capitalism and free enterprise.
- 16. income that does not increase over time.
- 17. Federal health insurance program for senior citizens, regardless of income.
Down
- 1. role of the consumer as ruler of the market in determining the types of goods and services produced.
- 2. an economic system in which privately owned businesses have the freedom to operate for a profit with limited government intervention.
- 3. difference between the revenue from sales and the full opportunity cost of resources involved in producing the sales.
- 5. Risk-taking individual in search of profits; one of four factors of production.
- 9. severe economic downturn that lasted from late 2007 to mid-2009.
- 11. Federal program of disability and retirement benefits that covers most working people.
- 14. Economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy.