Entrepreneurship Key Terms Units 1-2

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Across
  1. 6. business income you save for emergencies and future expenses
  2. 9. the financial opportunity that is given up because you choose to do something else with your money
  3. 12. the general increase in the price of goods and services over time measured as an annual percentage increase (or decrease)
  4. 14. the study of how a society manages all of its resources to produce and distribute goods and services
  5. 16. profit and Loss Statement
  6. 17. when there is a greater demand for something than the amount actually available
  7. 18. the positive difference between the total revenue from a business or investment minus total expenses
Down
  1. 1. Someone who works for someone else
  2. 2. Activity and characteristics related to an entrepreneur
  3. 3. refers to money; specifically financial assets or the financial value of someone’s assets
  4. 4. the effective use of all the resources you have available to your business
  5. 5. Someone who owns, operates, and manages his or her own business
  6. 7. The process of identifying an opportunity and setting up and running a business to address that opportunity
  7. 8. the price of goods and services are based on the supply of something and the demand for it
  8. 10. an economic system based on public or collective (such as government) ownership of resources and production
  9. 11. Having a belief in work as a moral good that is reflected in a desire to work hard
  10. 13. Consistency in actions, values, attitudes, principles, and methods; doing the right thing in the right way
  11. 15. a system of economics based on the private ownership of business and the products (goods and services) made and sold