Across
- 3. Income Earnings made BEFORE any deductions have been taken
- 6. money that is subtracted from your paycheck, usually in the form of taxes
- 8. person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
- 11. Income Earnings made AFTER any deductions have been taken - your ‘take home’ pay
- 13. study of SCARCITY, which is the condition of limited resources that prevents people from having everything they want.
Down
- 1. asset or property acquired to generate income
- 2. amount of money an entrepreneur or business earns after paying their expenses. This motivates entrepreneurs to accept risk
- 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
- 5. Property owned by a person or company, regarded as having value and available to meet debts
- 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).
- 9. the total amount of money a company generates from its primary business activities before deducting expenses.
- 10. Money received on a regular basis for work or through investments.
- 12. possibility of losing money or experiencing a financial loss due to various factors