Across
- 2. a determinant of supply; if supply changes for a product that is used with another it causes a shift in production (ex. hot dogs and buns)
- 3. one of the key features of a free enterprise system; allows individuals to earn wealth through their own initiative
- 5. determinant of demand; if the economy is doing well demand rises due to the amount of money people are making
- 8. a point where the amount of goods sellers want to sell equals the amount buyers want to buy
- 10. a determinant of both supply and demand
- 12. type of economic system in which custom and tradition define the economy
- 13. the amount of goods/services that consumers are willing and able to purchase
- 14. government payments to a business to manage supply/demand
- 16. determinant of demand; an increased number of buyers increases demand
- 17. type of economic system where consumers determine products by supply and demand
- 19. a determinant of supply; shifts supply to the right because it becomes more efficient to produce goods
- 20. macroeconomic goal where prices fluctuate very little making it easier for businesses to plan for the future
Down
- 1. the ____________ intervenes in the economy through policies and regulations, taxes, and subsidies among other things
- 4. macroeconomic goal in which everyone is working meaning the government makes more and spends less
- 6. type of economic system in which the government owns and directs everything
- 7. type of economic system that involves some government intervention
- 9. the most wondefulest social studies teacher (don't judge me guys I needed a 20th word/phrase for this puzzle!)
- 11. a determinant of supply; shifts supply to the left because the number of sellers has increased
- 15. another name for capitalism or a market economy
- 18. the amount of goods/services that producers are willing and able to offer for sale