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The American Free Enterprise

Across
visualization of how all interactions occur in a market economy
economic system in which the government owns some or all of the factors of production developed from the ideas of Marx
a person who chooses not to pay for a good or service but benefits from it when it is provided
goods and services that are provided by the government and consumed by the public as a group
-transfers of income from one person or group to another even though the receiver does not provide any goods or services in return
type of mixed economy, which includes some government protections, provisions and regulations to adjust the free enterprise system
government program designed to protect people from economic hardships
situation in which people are able to decide for themselves which legal agreements they want to enter into, such as business, job or purchase commitments
1. free enterprise system-economic system where anyone is free to start a business or enterprise
government payment that helps cover the cost of economic activity that is considered to be in the public interest
a situation in which everyone has the same economic rights under the law
Down
a payment in which the government transfers income from taxpayers to recipients who do not provide anything in return
incentive that encourages people and organizations to improve their material wellbeing by seeking to gain from economic activities
the money left over after the costs of producing a product are subtracted from the revenue gained by selling that product
the ability of everyone to enter and compete in the marketplace of his or her own free choice
a side effect of a transaction that affects someone other than the producer or buyer
the goods or services that are necessary for the smooth functioning of society, such as highways, mass transit, power, water, and sewer systems, education and health care systems, and police and fire protection
situation that occurs when people who are not part of the marketplace interaction benefit from it or pay part of its costs