Type
Crossword
Description

Known as the father of modern economics Adam Smith
Favoring or enforcing strict obedience to authority, especially that of the government, at the expense of personal freedom Authoritarian
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state Capitalism
A model of the economy in which the major exchanges are represented as flows of money, goods and services between economic agents Circular Flow Model
A group of entities that share or are motivated by at least one common issue or interest, or work together to achieve a common objective Collective
An economic system in which inputs are based on direct allocation Command Economy
A social, political, and economic ideology movement whose ultimate goal is the establishment of the communist society Communism
The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion Competition
In economics, consumer sovereignty is the assertion that consumer preferences determine the production of goods and services Consumer Sovereignty
The separation of tasks in any economic system so that participants may specialize Division of Labor
Implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency Economic Efficiency
Equity or economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics Economic Equity
The freedom to prosper within a country without intervention from a government or economic authority Economic Freedom
An increase in the amount of goods and services produced per head of the population over a period of time Economic Growth
the condition of having a stable income or other resources to support a standard of living now Economic Security
refers to an absence of excessive fluctuations in the macro-economy Economic Stability

fundamentals of economics Crossword

Type
Crossword
Description

a steady long term increase in real GDP economic growth
the loss of potential gain from other alternatives when one alternative is chosen opportunity cost
goods used to produce more goods capital goods
a person who uses a good or service consumers
another name for a centrally planned govt. comand economy
there is no such thing as a free lunch TINSTAAFL
give up one benefit to gain another trade-off
the rivalry among sellers trying to achieve such goals as increasing profits competition
a general increase in prices across an economy inflation
a risk-taker in search of profits entrepreneur
a income that does not increase even when prices go up fixed income
study of how people satisfy unlimited wants through careful use of realtive scarce resource economics
physical objects that somone produces goods
the power of consumers to decide what gets producded consumer sovereignty
a financial gain profit
economic system that relies on habit traditional economy
any government system that provides monetary assistance to people with an inadequate or no income. social security
gross domestic product GDP
how much it is worth in money value
the accumulation of products that are tangible, scarce, useful, and transferable from one person to another wealth
mental/physical work or production labor
shortage scarcity
an economy in which prices and wages are determined mainly by supply and demand market economy

SSEF4,5,6 vocabulary Crossword

Type
Crossword
Description

Economic system based on private ownership of the means of operation for profit Capitalism
Economic system in which the central government makes all decisions on the production and consumption of goods and services Command economy
The struggle among producers for the dollar of consumers, the rivalry Long sellers to attract consumers while lowering the cost Competition
Person or over not Seshan that uses economic services f person or over notation that uses economic services or commoditives Consumer
Goods that are ultimate rather than use in production of another good consumer good
The removal of some government controls over at market Deregulation
Economic systemsThe method used by S a society to produce and distribute goods and services Economic systems
Using resources in such a way as to Max the production of goods and services Efficiency
The power of the government to take private property and convert it to public use Eminent domain
Concept or idea of fairness in economics Equity
Freedom to prosper within a country without the intervention from the government or the economic author Freedom
Increase the amount of the population over period of time GRowth
The act of redirecting resources from being consumed today so that they may create benefits in the future, the use of assets to earn the income or profit investment
Economic systems in which decisions on production and consumption of goods and services are based on voluntary exchange and markets Market economy
Entitlement program that benefits low income families, some people with disabilities and elderly people in nursing homes Medicaid
National health insurance program that helps pay for health care for people over the age of 65, or who have certain disabilities Medicare
Economic system that combines the free market with very limited government Mixed economy
The cost that is suffered by a third-party as a result of an economic transaction Negative externality
License that gives a inventor of a new product the exclusive right to sell it for a certain period of time Patent
Occurs when the consumption of the production of a good calls a benefit to a third-party Positive externality
The sale or transfer of state owned businesses to an individual Privatization
Value of an output produced Productivity
The force that encourage people and organizations to improve their material well-being Profit motive
Right theoretical search showing in force constructs in the economics for determining how a resource or economic good is used and owned Property
Programs and Stabley S-t by the US government to provide housing for low income families, disabled people, and the elderly Public housing
The business of supplying a common the or ser The business of supplying a commodity or service. Service rendered in public interesr Public services
Financial instrument that represents an ownership of possession in a publicly Financial instrument that represents an ownership of possession in a publicly trade corporation, I created your relationship with the government body, right to ownership as a representative Security

Microeconomics Crossword

Type
Crossword
Description

A diagram used to represent the monetary transactions in an economy. Circular Flow Diagram
The market place in which final goods or services are offered for purchase by consumers, businesses and public sector. Product market
A type of business entity that's owned and run by one person. Sole proprietorship
A type of business owned or run by two owners. Partnership
A financial gain. Profit
A company or group of people authorized to act as single entity. Corporation
A state of limited competition, in which a market is shared by a small number of producers. Oligopoly
Only one market gives services Monopoly
A type of market that sells similar products. Monopolistic Competition
The part of economics concerned with single factors and the effects of individual decisions. Microeconomics
A market where a business can go and purchase resources to produce goods and services Resource Market
Buyers will exchange with sellers when they want to purchase goods or services from sellers. Medium of exchange
All else equal, an increase n price results in an increase in quantity supplied Law of Supply
All other factors being equal, as the price of a good or service increase Law of Demand
Price of good or service of which quantity supplied is equal to quantity demand Market clearing price
A measure used in economics to show the responsiveness of the quantity demanded of a good or service to change in its price Price elasticity of demand
A measure used in economics to show the responsiveness or elasticity of the quantity supplied of a good or service to a change in price. Price elasticity of Supply
A market that has a broad range of cometitors who are selling identical products Pure Competition
Something that motivates or encourages someone to do something Incentive
An excess of production Surplus

Accounting Terms: Back to Basics Crossword

Type
Crossword
Description

describes the sources and uses of cash for a reporting period Statement of cash flows
charge for using money until repaid at a future date Interest
security that represents ownership in a corporation; holders exercise control by electing a board of directors and voting on corporate policy Common stock
amount by which a company's value exceeds the value of its individual assets and liabilities Goodwill
class of ownership in a corporation that has a higher claim on its assets and earnings than common stock Preferred stock
net sales minus cost of goods sold Gross profit
record within an accounting system where increases and decreases in a specific asset, liability, equity, revenue, or expense are entered and stored Account
process of allocating the cost of an intangible asset to expense over its estimated useful life Amortization
an entry that increases asset and expense accounts, and decreases liability, equity ad revenue accounts Debit
income statement, balance sheet, statement of changes in owner’s equity, and statement of cash flows Financial statements
customers and other individuals and organizations who owe a company Debtors
journal entry at the end of an accounting period to bring an asset or liability account to its proper amount and update the related expense or revenue account Adjusting entry
total cost of an asset less its accumulated depreciation Book value
an asset created by selling products or services on credit Accounts receivable
method to assign cost to inventory that assumes items are sold in the order acquired FIFO
entity created by law and separate from its owners Corporation
inflows of assets in exchange for products and services provided to customers as part of a company’s operations Revenues
length of time an asset will be productively used in the operations of a business Useful life
occurs when expenses exceed revenues Net loss
merchandise a company owns and expects to sell in its normal operations Inventory
estimate of amount to be recovered at the end of an asset's useful life Salvage value
expense created by allocating the cost of plant and equipment to periods in which they are used; represents the expense of using an asset Depreciation
resources owned or controlled by a company that provide expected future benefits to the company Assets
a liability created by buying products or services on credit Account payable
obligations due to be paid or settled within the longer of one year of the operating cycle Current liabilities
equals a corporation’s accumulated net income (loss) for all prior periods that has not been distributed to shareholders Retained earnings

Economic vocab Crossword

Type
Crossword
Description

Limited quantities of resources to meet unlimited wants. Scarcity
Resources that are used to make ALL goods and services. Productive resources
Food, air, and shelter and attention we desire. Wants & needs
The most desirable alternative given up as the result of a decision. Opportunity cost
An alternative we sacrifice when we make a decision. Trade-off
Natural resources that are used to make goods Land
The effort that a person devotes to a task for which that person is paid. Labor
Any human-made resource that is used to produce other goods and services. Capital
The process of designing, launching, and running a new business. Entrepreneurship
use an economy's resources. Possibilities curve
choices decision making
Satisfaction or utility that a person receives from consuming an additional unit of a good or service. Marginal benefit
The cost of producing one more unit of a good. Marginal costs
The concentration of the productive efforts of individuals and firms on a limited number of activities. Specialize
elimination of government power in a particular industry, usually enacted to create more competition within the industry. Deregulation
the state or quality of producing something, especially crops. Productivity
Situation in which allocation of goods and service is not efficient Market failure
theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned. Property rights
service that is provided without profit to all members of a society, either by the government or a private individual or organization Public goods
product that must be purchased to be consumed, and its consumption by one individual prevents another individual from consuming it. Private goods
Where the government, rather than the free market, determines what goods should be produced Command system
economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. Mixed system

economics Crossword

Type
Crossword
Description

an economic system in which individuals are free to compete and earn a living Market
an economic system in which buyers and sellers are free to exchange goods and services free
a desire to make a profit Profit motive
when you put money into a business invest
The exclusive right granted by law, to publish or sell a written, musical, or artistic work copywright
Gives a person the exclusive right to make and sell an invention patent
limited resources scarcity
law that states businesses will provide more products when they can sell them at higher prices law of supply
law that states buyers will demand more products when they can buy them at lower prices law of demand
Money invested in buildings, machines, and other property used to produce goods capital
Businesses owned by one person sole proprietorships
organizations that provide goods and services without seeking a profit nonprofit
Businesses where two or more people share responsibilities partnerships
Corperation profits paid to stockholders dividends
Another form of business organization corporation
people who buy corporate stocks stockholders
money a person pays to use something rent
Total amount of money made after deductions net
total amount of money made before deductions gross
human effort used to produce goods and services labor
The amount of work produced by a worker per hour productivity
The decision makers of a business entrepreneurs
An economic system based on private ownership of the meens of production capitalism
Companies that control all production of a good or service monopolies
this occurs when two or more companies combine to form one company merger
A form of business organization in which several companies create a board of trustees so they no longer compete with eachother trust
An economic system that combines elements of free and command economies mixed
production is based on customs and traditions usually passed down traditional
government owns almost all of the capital, tools, and equipment command

Economics Chapter 2 Vocabulary Part 1 Crossword

Type
Crossword
Description

occurs when individual workers focus on single tasks, enabling each worker to become more efficient and productive specialization
the worker, firm, region, or country with the lowest opportunity cost of producing an output should specialize in that output law of comparative advantage
the ability to make something using fewer resources than other producers require absolute advantage
the laws, customs, manners, conventions, and other institutional underpinnings that encourage people to pursue productive activity rules of the game
an expansion of the economy's production possibilities, or ability to produce economic growth
each additional increment of one good requires the economy to give up successively larger increments of the other good law of increasing opportunity cost
producing the maximum possible output from available resources, meaning the economy cannot produce more of one good without producing less of the other good efficiency
an economic system shaped largely by custom or religion production possibilities frontier- shows the possible combinations of two types of goods that can be produced when available resources are employed efficiently traditional economy
an economic system in the process of shifting from central planning to competitive markets transitional economy
describes the U.S. economic system, where markets play a relatively large role market economy
an economic system that mixes central planning with competitive markets mixed economy
an economic system in which all resources are government-owned and all production is directed by the central plans of government pure command economy
an economic system with no government so that private firms account for all production pure market economy
the set of mechanisms and institutions that resolves the what, how, and for whom questions for an economy economic system
the doctrine that states that government generally should not intervene in the marketplace "let them do as they please" laissez faire
property owned by individuals or companies, not by the government or the people as a whole private property
an economic system characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market free enterprise
to sell state-run firms to idividuals privatize
large farm leased from the state to groups of peasant farmers collective
requiring strict obedience to an authority, such as a dictator authoritarian
a political system characterized by a centrally planned economy with all economic and political power resting in the hands of the central government communism
a social and political philosophy based on the belief that democratic means should be used to evenly distribute wealth throughout a society socialism
the powers of the consumers to decide what gets produced consumer sovereignty
term economists use to describe the self-regulating nature of the marketplace invisible hand
the struggle among producers for the dollars of consumers competition
an expectation that encourages people to behave in a certain way incentive

Economics Grade 9 Crossword

Type
Crossword
Description

The products and services created by producers supply
The wants and needs of consumers for products and services Demand
In economics, rivalry among producers to sell products competition
In economics, the idea that land, labour and capital, limit the supply of what people want and need scarcity
Money made from a product or service profit
An economic theory, about goods and services and why people buy things consumerism
An organization of workers that protects workers' rights and interests labourunions
A period of temporary economic decline recession
The exclusive possession or control of the supply or trade in a service monopoly
The activity of producing advertisements for commercial products or services advertising
A system of government in which most of the important decisions are made by government officials Bureaucracy
A fixed, regular payment wage
Work, especially hard physical work labour
A stock or supply of money, materials, staff, etc. resource
Wealth in the form of money owned by a person or organization capital
Those who create products and services producers
Those who use products and services consumers
What’s best for society as a whole publicgood
In economics, the part of the economy owned and controlled by government and paid for by taxes publicowned
In economics, the part of the economy owned and controlled by businesses and individuals privatelyowned
The resources and processes involved in the production, distribution and consumption of goods and services Economy
The way a society organizes the production, distribution and consumption of goods and services economicsystem
The study of the production, distribution and consumption of goods and services economics
A type of economy in which some central authority makes a wide range of decisions pertaining to production and wages. EX: The former Soviet Union plannedeconomy
an economic system where the laws of supply and demand direct the production of goods and services marketeconomy
An economic system combining private and public enterprise. mixedeconomy

Economic Terms Crossword

Type
Crossword
Description

The way a society organizes to produce, distribute, and consume goods and services. Economic System
Tradition determines how a society is organized to produce, distribute, and consume goods/services. Traditional
Individuals make most of the major decisions about production and distribution of goods and services Market
A central authority makes most of the major decisions about production and distribution of goods and services Command
Economic decisions are made by individuals, businesses, and government. Mixed
The worth of a good or service that is determined by the total cost of economic resources that went in to producing and providing a good or service. Value and Price
The amount of a resource, good, or service sellers are willing to sell at possible prices. Supply
How much people want of a good or service at a certain price at a certain time. Demand
People have desires that can be satisfied with goods or services Economic Wants
Human, natural, and capital resources used to produce a good or service. Economic Resources
Wants are unlimited and resources are limited. Scarcity
Goods and services are produced in better quality, quantity, and speed when someones focuses on one particular task. Specialization
People, businesses, and nations depend on others to produce their goods. Interdependence
Any place that allows buyers and sellers to trade goods and services Marketplace
Something that is used to buy and sell goods or services. Currency

Globalization Crossword

Type
Crossword
Description

strategy in which firm allows foreign country to produce its products for a fee licensing
selling products to another country exporting
arrangement whereby someone with a good idea for a business sells the right to use business name franchising
a system of trade between nations in which there are no special taxes placed on imports freetrade
a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance jointventure
long-term partnership between companies to help each company build competitive market advantages strategicalliance
simply the import and export of goods and services across international boundaries globaltrade
the value of one currency for the purpose of conversion to another exchangerate
the reduction or underestimation of the worth or importance of something devaluation
a schedule of duties imposed by a government on imported or in some countries exported goods tariff
belief in the benefits of profitable trading; commercialism mercantilism
obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source outsourcing
bringing goods or services into a country importing
the amount by which the cost of a country's imports exceeds the value of its exports tradedeficit
the amount by which the value of a country's exports exceeds the cost of its imports tradesurplus
an official ban on trade or other commercial activity with a particular country embargo
trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time importquota
the difference in value between a country's imports and exports balanceoftrade
the difference in total value between payments into and out of a country over a period balanceofpayments
an economic association (as of nations) formed to remove trade barriers among its members commonmarket