Across
- 3. Goods with a life expectancy of less than 3 years.
- 7. In a free markety, these people determine what goods are produced and in what quantity.
- 9. President of the United States said, "You cannot extend the mastery of government over the daily life of a people without...making it master of the people's souls & thoughts."
- 10. Total value of a business minus any liabilities.
- 12. Sector of an economy that is controlled by private individuals, businesses, or organizations.
- 13. A place where goods are bought and sold.
- 17. When an asset or good increases in value over time.
- 18. Huge shopping markets where there are scores of shops with numerous goods for sale.
Down
- 1. Cost Value of the best alternative that is foregone when a different alternative is taken.
- 2. Signals used by consumers and producers to determine how much a good to buy or sell.
- 4. Goods which are expected to last at least 3 years.
- 5. Excess of the total revenue paid by buyers for goods over the seller's expense of producing those goods.
- 6. The price at which a good could be sold in an open market.
- 7. The planned or directed economy.
- 8. Diminishing value of goods that is caused by wear and time.
- 11. Motivation to work to improve one's economic situation.
- 12. Sector of an economy which is controlled by national, state, and local governments.
- 14. This economy gives people limited choices in what to produce or consume.
- 15. This British prime-minister noted, "...few are those that see it(private enterprise)as a sturdy horse pulling the wagon."
- 16. Shadowy, underground markets are called this.