Across
- 5. When different businesses compete for consumers' money
- 7. The founder of a business
- 8. The things that people sell
- 11. People or businesses offering goods for sale
- 12. The way people earn and spend money
- 14. Scottish economist who came up with the idea of capitalism.
- 15. An economic system where property and businesses are owned by the government
Down
- 1. The person who makes the goods
- 2. Thee government's right to take private property for public use as long as they pay a fair price to the owner
- 3. The right to make decisions for an individual's business or property
- 4. A person who buys goods or services
- 5. The name of Adam Smith's idea of a free market economy
- 6. What consumers are willing to buy at a given price
- 9. The government's job is to protect property rights (abbv.)
- 10. An activity that someone is paid to perform
- 13. The amount the seller has to sell at a particular price