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Across 1. Income received for entrepreneurial skills and risk taking, calculated by subtracting all of a firm's explicit and implicit costs from its total revenues. 3. Something manufactured or refined for sale. 4. Payments earned by households for selling or renting their productive resources. May include salaries, wages, interest and dividends. 9. One who draws upon his or her skills and initiative to launch a new business venture with the aim of making a profit. Often a risk-taker, inclined to see opportunity when others do not. 10. The chance of losing money. 11. Tangible objects that satisfy economic wants.

Down 1. The act, process or result of manufacturing or refining something. 2. The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital. 5. Any activity or organization that produces or exchanges goods or services for a profit. 6. People who use goods and services to satisfy their personal needs and not for resale or in the production of other goods and services. 7. Something a person or organization plans to achieve in the future; an aim or desired result. 8. Activities performed by people, firms or government agencies to satisfy economic wants.