EMS

3. What a person or business owes to others, such as loans .
8. Items of value owned by a person or business, like cash or equipment .
9. Tangible items that are bought and sold, like clothes or books .
12. A person who takes a risk to start and run a business .
15. The sector of the economy that manufactures goods (e.g., factories)
19. Desirable but non-essential items, like a new cellphone or video game .
20. The economic problem where limited resources cannot satisfy unlimited wants .

1. Intangible actions performed for you, such as banking or teaching .
2. A source document that proves payment has been received .
4. Money received from work, investments, or a business .
5. A source document that serves as a bill for goods or services sold on credit .
6. The human effort, both physical and mental, used in production .
7. Man-made goods used to produce other goods, like machinery and tools .
10. ____ trader. A business owned and run by one person .
11. Basic requirements for survival, such as food, water, and shelter .
13. The financial gain a business makes after paying all its expenses .
14. A compulsory payment to the government to fund public services .
16. The money spent on goods and services .
17. The sector of the economy that extracts raw materials from nature (e.g., farming) .
18. A plan that estimates income and expenses over a period of time .