Across
- 2. an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership.
- 4. a sustained increase in the general price level of goods and services in an economy over a period of time.
- 5. the ability of individuals to make their own economic decisions, engage in voluntary transactions, and participate in the market without undue restrictions from government or other entities
- 6. an economic and political system in which a country's trade and industry are controlled by private owners for profit.
- 7. an economic system based on supply and demand with little or no government control
- 8. the process where interest earned on an investment is added back to the principal, and then the interest is calculated on the new, larger principal.
- 10. the desire and ability of consumers to purchase a specific good or service at a particular price
- 11. anything related to the government's management of public money, including revenue, spending, and debt.
- 14. anything related to money, currency, or the system of money used in an economy
- 16. the process of distributing or assigning limited resources among various competing uses to fulfill human wants and needs
- 17. the cost of borrowing money or the reward for lending money.
- 19. a financial plan that outlines expected income and expenses for a specific period, often a year or a fiscal period
- 20. the increase in the production of goods and services in an economy over a period of time.
Down
- 1. a monetary measure to reduce government spending or the rate of monetary expansion by a central bank
- 3. the production of goods that will be used to produce other goods
- 9. policies or conditions that stimulate economic growth by increasing aggregate demand or aggregate supply.
- 12. the quantity of a good or service that producers are willing and able to offer for sale at a given price during a specific period.
- 13. fairness in the distribution of income and wealth, acknowledging that individuals may start from different positions and may need different support to achieve equal outcomes.
- 15. money, property, or other material goods given to another party in exchange for future repayment of the loan value amount with interest.
- 18. the condition of having stable income or other resources to support a standard of living now and in the foreseeable future.