Across
- 2. An economic system in which production is privately owned and determined by supply and demand forces.
- 4. A philosophy that emphasizes individual freedom and self-interest over the interests of the state.
- 6. An economic system that combines elements of both market and command economies.
- 8. A legal document specifying the rights and obligations of parties involved in a business exchange.
- 9. A political philosophy that prioritizes collective goals over individual goals and freedoms.
- 11. A resource owned by an individual or business, including land, capital, or intellectual assets.
- 12. A legal right granting inventors exclusive control over their inventions for a defined period.
- 13. An economic system where the government plans production, prices, and distribution of goods and services.
- 14. The process of transferring ownership of state-owned enterprises to private investors.
- 15. An ideology advocating public ownership of the means of production for the common good.
Down
- 1. A form of socialism that seeks equality through totalitarian control and state ownership of economic activity.
- 3. Legal responsibility of a firm when a product causes injury, damage, or death.
- 5. The abuse of public or private power for personal gain, often violating property rights.
- 7. A political system in which government is exercised by the people directly or through elected representatives.
- 10. A political system in which one person or party exercises absolute control over all aspects of life.