Across
- 2. Hand The term used by Adam Smith to describe the influence of competition and self-interest on the economy.
- 5. A theory that divides society into the proletariat and the bourgeoisie.
- 6. The international organization established in 1995 that helps administer trade agreements and resolve disputes.
- 8. A trade agreement between Canada, Mexico, and the United States designed to eliminate trade barriers.
- 10. An economic system that combines free market elements with government regulation; the system used in the United States.
Down
- 1. The policy of a government refraining from interfering with trade between individuals, famously supported by Adam Smith.
- 3. An economic system centrally controlled by a powerful government, where the state owns property and resources.
- 4. A type of economy based on customs, historical precedent, and family tradition.
- 7. Freedom The right of an individual to choose their occupation, start a business, and spend their money without government interference.
- 9. Market A system where economic decisions are made by individuals with little government interference.