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Economics

Teacher: Mr. Kowalzik
Across
This principle of a free market economy helps to ensure lower prices and higher quality products.
Author of The Wealth of Nations
An argument against socialism is that there is no __________ to work hard.
Believed that the government should help to ensure stable economic growth.
The force is said to ensure that the market regulates itself
Author of The Communist Manifesto.
Down
When the average price of goods increases.
This ideology is based on economic equality
Provided in modern liberal countries to help reduce the wealth gap.
An economic theory based on reducing government spending, deregulation, and cutting corporate taxes.
If the supply of a product increases then the price goes _______.