Private Enterprise

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Across
  1. 2. The "profit ____" drives innovation and risk-taking
  2. 6. Economy where supply and demand regulate outcomes
  3. 10. Economic system based on private ownership and profit motive
  4. 11. Economy guided by customs and beliefs, often using barter
  5. 12. Total money earned before subtracting costs
  6. 14. System of privately owned and operated businesses
  7. 15. Expense that changes depending on how much you produce
  8. 17. Amount of money a buyer pays for a product
  9. 18. One seller controls supply of a good or service
Down
  1. 1. Money left over after subtracting costs from revenue
  2. 3. Economy where the government makes all economic decisions
  3. 4. Property Ownership rights that individuals have; opposite of public ownership
  4. 5. Trade of goods or services without money
  5. 7. Rivalry between sellers that keeps prices fair and quality high
  6. 8. Business expense that stays the same regardless of production level
  7. 9. Market shared by a small number of producers
  8. 13. Blend of market freedom and government control; most modern economies
  9. 16. Money spent on fixed and variable costs