Magaly's crossword puzzle

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Across
  1. 3. the loss of potential gain from other alternatives when one alternative is chosen.
  2. 5. Adam smith's theory,that the market system is based on the principle that each participant acts in their own self-interest
  3. 8. more than what is needed or used; excess
  4. 9. The amount of product a consumer is able and willing to buy at a certain price.
  5. 12. A economy driven by competition among private businesses
  6. 14. the amount of product a producer is willing and able to sell at a set price.ex:
Down
  1. 1. A state in which opposing forces or influences are balanced.
  2. 2. one company controlling one market.
  3. 4. Where the elements of an economy are controlled by the government
  4. 6. A state in which there is not enough of something that is needed.
  5. 7. The economic theory that it is good for the economy when people spend an ever increasing amount of money on goods or services.
  6. 10. something that motivates someone to action or greater effort, often as a reward offered for increased productivity.
  7. 11. The rate at which goods are produced or work is complete
  8. 13. A state of limited competition in which a market is shared by a small number of producers or sellers.