Economics Terms

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Across
  1. 3. Income Earnings made BEFORE any deductions have been taken
  2. 6. money that is subtracted from your paycheck, usually in the form of taxes
  3. 8. person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
  4. 11. Income Earnings made AFTER any deductions have been taken - your ‘take home’ pay
  5. 13. study of SCARCITY, which is the condition of limited resources that prevents people from having everything they want.
Down
  1. 1. asset or property acquired to generate income
  2. 2. amount of money an entrepreneur or business earns after paying their expenses. This motivates entrepreneurs to accept risk
  3. 4. wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing
  4. 5. Property owned by a person or company, regarded as having value and available to meet debts
  5. 7. money spent to acquire something — includes daily transactions everyone encounters (like paying a phone bill) and big purchases made by companies (like buying a new piece of machinery).
  6. 9. the total amount of money a company generates from its primary business activities before deducting expenses.
  7. 10. Money received on a regular basis for work or through investments.
  8. 12. possibility of losing money or experiencing a financial loss due to various factors