Economics

3. a term used to describe the trade-offs, a person makes when making a decision (two words)
4. a kind of system where people, not government, own most of the companies (also called capitalism) (Three words)
6. the money left over after a company has paid all its expenses
8. the money, tools, machines, and other products needed to make goods and services
9. the lowest amount a worker can be paid per hour (two words)

1. measures the value of all the goods and services in a year (three words)
2. a person who has a business idea as well as the capital to start the business and keep it running
5. the study of how individuals, businesses, government, and society make choices
7. the idea that we cannot have everything we want