Across
- 3. measure of economic performance that compares the amount of goods and services produced
- 4. the removal of regulations or restrictions
- 6. a rule or directive made and maintained by an authority
- 7. when there are a large number of sellers of a product which cannot be differentiated
- 12. an economy in which everything is determined centrally by a government
- 14. a payment made or income received in which no goods or services are being paid for
- 15. an economic system combining private and public enterprise
Down
- 1. when many companies offer competing products or services that are similar
- 2. a system where goods production and distribution are driven by time-honored beliefs, customs, culture, and traditions
- 5. an economic system in which everything is determined by unrestricted competition
- 8. small number of firms that control the market
- 9. direct or indirect payment to individuals or firms
- 10. amount of good available that customers want to buy
- 11. market structure where a single seller or producer assumes a dominant position in an industry
- 13. quantity of goods or services produced in a given time period