Economics

1. the money received in payment for goods or services (rent, wages, interest)
3. the founder of a business. Someone who assumes the risk of organizing resources to produce goods and services. Someone who sees an opportunity to make money and takes it.
5. the way people earn and spend money
6. an activity that someone is paid to perform
9. a person who buys goods and services
12. a person who buys goods and services
13. the thing that people sell
14. what consumers are willing to buy at a given price

2. the name of Adam Smith’s idea of a free market economy
4. people or businesses offering goods for sale
7. when different businesses compete for consumers’ money such as Walmart v. Target or Microsoft v. Apple
8. the money left over after all expenses are paid
10. the amount the seller has to sell at a particular price
11. the person who makes the goods