Across
- 6. How much consumers are willing to buy
- 9. Rise in prices of goods and services
- 10. Privately owned businesses have freedom to operate with limited gov. intervention
- 11. Natural resources not created by human effort, FOP
- 13. Amount of product seller is willing to sell
Down
- 1. Tools, equipment, factories used in production of goods, FOP
- 2. Individuals who introduce new products or services in search of profit, FOP
- 3. Decrease in prices of goods and services
- 4. Acronym for value of all goods produced in a country's borders during a one year period
- 5. Economic system controlled by government
- 7. Fundamental economic problem facing all societies resulting from combo of scarce resources and unlimited needs and wants
- 8. Economic system that has a combination of free and government controlled economies
- 12. Acronym for index used to measure price changes
- 14. People with all their abilities and efforts, FOP