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Economics IG 1 ch 13 -

Across
This occurs when the production and /or consumption of a good causes additional positive or negative side effects to a third party.
This economic system is a combination of planned and the free market system.
The profit motive for firms and the possibility for individuals to earn wealth.
This economic system relies on the government allocating resources
This economic system relies on the market forces of supply and demand.
Private costs + external cost.
The negative spillover effect of production or consumption incurred by third parties for which no compensation is paid.
The transfer of ownership of assets from the public sector to the private sector.
Down
The purchase of private sector assets by the government
The monetary authority of a country that overseas and manages the nation's money supply and banking system.
Any commodity that can be used as a medium of exchange
The cost of production or consumption are the actual cost of an individual firm.