Across
- 3. known as the "Father of Economics"
- 5. what the C stands for in P,D,C
- 7. a person who undertakes the management and financial risk of an economic enterprise
- 8. the sector who makes the majority of economic choices in a free market economy
- 10. the value of all the things that people own
- 12. author of The Communist Manifesto
- 13. tax on imported goods
- 15. a person who lends money or capital
- 17. the study of specific components within a major economy
- 18. a share of a corporation's profit
- 19. this type of good is expected to last longer than three years
- 20. what the T stands for in WTO
- 21. in the 1980's, he implemented policies based on supply-side economics
- 22. type of account that guarantees a certain interest rate and has a specific maturity date
- 24. what the N stands for in UN
- 26. type of market model that results when there is only one supplier of a good for which there is no substitute
Down
- 1. what the E stands for in EU
- 2. the Old Testament example of someone who saved wisely
- 4. mechanism through which people exchange goods
- 6. he believed economic problems can best be solved by "expert planners"
- 9. the situation that occurs when the market prices rise because too much money is in circulation
- 11. the type of economy directed by customs and habits
- 14. this Act was one of the first antitrust laws in the US
- 16. the highest point in the business cycle
- 18. diminishing value of goods that is caused by wear and tear
- 19. a severe or long-lasting recession
- 23. a philosophy which regards the entire world as one giant community
- 25. this type of economy is controlled by a central authority