Across
- 4. Some thinkers, including Smith and Malthus, ________ govt efforts to help poor workers (735)
- 5. Marx's co author (736)
- 8. in socialism, the factors of production are owned by the _______ and (attempt to) operate for the welfare of all (736)
- 10. Scottish professor who defended free markets in a book called Wealth of Nations (2 words) (734)
- 12. during what era did some French economists promote Laissez-faire economics (734)
- 13. Marx said all societies have consisted of haves and __________ (2 words) (736)
- 16. Capitalism helped to bring about the _________ (2 words) (734)
- 19. Who wrote The Communist Manifesto? (2 words) (736)
- 21. supporters of Laissez-faire economics argued that govt _______ w/ the creation of wealth (734)
- 22. this "law" says that people work for their own good(2 words)(734)
- 25. socialists argued that govt should ________ the economy (736)
- 26. During the Indust Rev, a wide ______ grew b/t rich and poor(734)
- 27. socialism sought to offset the _____ effects of industrialization (736)
Down
- 1. how many natural laws of economics did Smith discuss (734)
- 2. what kind of trade did Laissez-faire economists support? (734)
- 3. this economic system is the opposite of capitalism (735)
- 6. this "law" says that prices rise and fall based on these forces.(3 words) (734)
- 7. this force, according to Smith, forces people to make a better product. (734)
- 9. economic policy of letting owners of industry and business set working conditions w/out interference(2 words) (734)
- 11. economic system in which the factors of production are privately owned. (734)
- 14. business leaders wanted govt to stay ____ of business/economic affairs(734)
- 15. when supply is low and demand is high, what happens to prices?(logic)
- 17. What did Marx say the working class would eventually do? (736)
- 18. in a capitalist economy, business owners seek to earn a _______ (734)
- 20. the author calls communism a _________ form of socialism (736)
- 23. when supply is high and demand is low, what happens to prices?(logic)
- 24. workers started to demand more ________ and protection (734)
