Across
- 1. The idea that the government owns the factors of production and helps make key economic decisions
- 6. a consumer product without a widely recognized name or logo because it typically isn't advertised
- 7. A financial institution that accepts deposits, makes loans, and provides a wide array of services to its members
- 9. a product that is made by a well-known company.
- 10. An economic system where the government decides what is produced and how to allocate it
- 11. the loss of potential gain from other alternatives when one alternative is chosen.
- 13. Personal or capital wealth that creditors use to back up a loan.
- 14. The amount of money paid to the creditor in return for them providing the original credit.
- 15. One must sign one of these, which outlines what the tenants can and cannot do.
Down
- 2. Economic idea that argues that the government should have little to no role in the economy.
- 3. A condition in which one is unable to pay back any debts with the income they have.
- 4. This is the type of economy that the US has.
- 5. What is the study of the transfer, production, and consumption of goods and services?
- 8. When production cannot meet demand
- 12. Economic _____________ is the economic goal that works to ensure that there are no extreme ups and downs in the standard of living.