Across
- 2. The things that people sell.
- 6. An economic system where property and businesses are owned by the government. Supply and Price is also controlled by the government.
- 7. The right to make decisions for an individual's business or property
- 9. The name of Adam Smith's idea of a free market economy.
- 10. The government's right to take private property for the public as long as they pay a fair price to the owner.
- 11. The person who makes the goods.
- 12. Individuals own businesses and property rather than the government
- 13. Scottish economist who created capitalism and wrote the Wealth of Nations.
Down
- 1. An economic system where businesses and property are privately owned. The price and amount of goods traded are based on supply and demand and has little government regulation.
- 3. A person who buys goods and services.
- 4. When different businesses compete for consumers' money
- 5. The founder of a business. Someone who assumes the risks of organizing resources to produce goods and services. Someone who sees an opportunity to make money and takes it.
- 8. The government's job is to protect property rights.