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Tia's Economics Review

Teacher: Mr. Lord
Across
The degree of wealth and material comfort available to a person or community
Gross wages or gross salaries minus withholdings for payroll taxes and other items such as insurance, union dues, United Way
A person who organizes and operates a business or businesses taking on greater than normal financial risks in order to do so
situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
the exclusive possession or control of the supply or trade in a commodity or service.
The ability of a customer to obtain goods or services before payment , based on the trust the payment will be made in the future
A resource of economic value that cannot be readily replaced by natural means on a level equal to its consumption
An economic and political system in which a country's trade industry are controlled by private owners for profit , rather than by the state
Require ( something) because it is essential or very important
Down
An economic term to describe the inputs that are used in the production of goods or services in the attempt to make an economic profit
An insistent and peremptory request , made as if by right
have a desire to possess or do (something); wish for
A stock or supply of money , materials , staff and other assets that can be drawn on by a person or organization in order to function effectively
An estimate of income and expenditure for a set period of time
the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved
is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
The part of the earth's surface that is not covered by water ,as opposed to the sea or the air
a stock exchange
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs
The state of being scarce or in short supply ; shortage