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Book 12
Government and the Economy Crossword
Down
:
1) people who buy or use goods and services to satisfy their wants
2) an amount of money citizens and businesses are required to pay so that the government can function and provide services.
3) when two or more individuals or businesses strive to scheive the same goal or be better than others.
4) a business strategy where a business owner takes control of two or more key stages of it's supply chain
5) Government spending that is required by law
6) a tax that is taken from your earnings to fund a government run retirement program
8) the government owns some property, offers some kinds of goods and services, and makes some rules that affect how businesses can compete
9) financial gained received by selling something for more than it cost to make or purchase
10) spending more money than you earn or take in.
11) a tax that is taken from your earnings to fund a government healthcare program
12) the benefit you give up when you choose to do one thing instead of another
13) money that is borrowed and expected to be paid back with interest
14) a promissory note sold by the US Treasury, which acts like a loan for the governmentn that will be paid back with interest.
15) They are the largest private owners in the country. They possess sufficient political power to influence their own interests. The owners control multiple businesses, coordinating activities across sectors.
19) the government owns all the goods and services and decides what those goods and services will cost.
23) taxes paid on land that people own
25) The fee that is owed and paid when paying back a loan
27) The rise of prices over time
28) someone who creates and supplies goods and services
30) the limited amount of resources available.
32) a tax the government collects when people die that are very wealthy
33) assets or wealth used to start a business or invest in one.
35) the quantity of a good or service that consumers are willing
38) all natural occuring resources as well as geographic
Across
:
7) a percentage of the total amount of money you earn
11) when one company controls an entire industry without competition.
16) the thing that motivates someone to produce something or act toward a goal.
17) measures the responsiveness quantity demanded or supplied of a good a good to a change in it's price.
18) the process of improving, developing newer or better things
20) physical or mental effort used to earn wages or income.
21) people who take risks to start a new business
22) most goods and services are offered by private companies
24) a fee that applies to only certain products like alcohol or tobacco
26) Spending that congress decides on each year
29) bringing in more money than you spend
31) when the government maps out how much money it expects to bring in and how much money it plans to spend.
34) a percentage of the total price you paid for something
36) the amount of something available
37) the way goods and services are produced and consumed
39) taxes on goods imported from other countries
40) money spent in order to make money
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