Across
- 3. ________________ tax is paid by individuals based on their income from employment or own business.
- 5. Financial support provided to firms from the government.
- 7. _______________ tax refers to any tax levied on goods or services purchased.
- 10. ________________ tax is paid by firms as a percentage of their profits.
- 11. A good or service that can be used in place of another good or service.
- 14. The point at which demand and supply for a good or service are precisely balanced.
Down
- 1. Individuals or firms who produce and sell goods and services.
- 2. A group of people or an institution in charge of a jurisdiction.
- 4. Items that are essential to survival.
- 6. The amount consumers are willing to pay for a product or service at a given point in time.
- 8. The final user of goods or services.
- 9. Items that are desirable to have but not essential to survival.
- 12. The amount of a product or service a firm is willing to supply for a particular price at a given point in time.
- 13. Money paid to the government.