Across
- 2. the things that people sell
- 5. the way people earn and spend money
- 7. an activity that someone is paid to perform
- 8. when different businesses compete for consumers' money such as Walmart v. Target
- 12. the amount the seller has to sell at a particular price
- 13. the person who makes the goods
- 14. people or businesses offering goods for sale
Down
- 1. individuals own businesses and property rather than the government
- 3. the money received in payment for goods or services (rent, wages, interest, or profit)
- 4. the money left after all expenses are paid
- 6. the right to make decisions for an individual's business or property
- 9. a person who buys goods and services
- 10. what consumers are willing to buy at a given price
- 11. the name of Adam Smith's idea of a free market economy