Across
- 1. market private, ind'l or corporation owned, consumers buy what they want
- 3. a system that relies on habit, is gender specific and based on agriculture.
- 5. a general increase in prices and the money supply
- 6. the study of how people satisfy their needs and wants through choices.
- 9. wage a base price an employer can pay a worker for an hour of labor
- 10. curve a graph of the demand schedule
Down
- 2. the point at which quantity demanded and quantity supplied are equal
- 4. system the method used by a society to produce and distribute goods and services.
- 7. a system that the central government makes all decisions
- 8. curve a graph of the quantity supplied
- 11. a system that combines free market with limited government involvement