Across
- 1. a person who purchases goods and services
- 3. a place or object that belongs to a person, like land or an apple
- 6. the way people earn and spend money
- 8. the founder of a business; someone who assumes the risk of organizing resources to produce goods and services
- 10. the amount the seller has to sell at a particular price
- 12. the name of Adam Smith's idea of a free market economy
- 13. what consumers are willing to buy at a given price
- 14. when different businesses compete for a consumer's money
Down
- 2. an activity that someone is paid to perform
- 4. an economic system in which property and business are owned by the government
- 5. people or businesses offering goods for sale
- 7. the money left over after all expenses are paid
- 9. the money received in payment for goods and services
- 11. the things that people sell
