Economics

3. money that is owed
5. businesses, place where the buying and selling of good occurs
8. a person who organizes, operates, and assumers the risk to start a new business
10. is an economic system in which private individuals or businesses own capital goods: the U. S. has this kind of economy
11. money borrowed that must be repaid, usually with interest
13. a reserve of money for unforeseen expenses or future purchases
15. a person or business that supplies consumers with goods or services
17. households, business, banks, and the government are examples of__________ in the U. S.
20. the legislative body of a state that plays a role to collect taxes

1. when businesses sell the same product and work to gain consumers
2. rate which is charged or paid for taking out a loan
4. a place where people put their money to be used by lending it to others to buy homes, businesses, and other financial demands
6. focusing on providing one kind of product or service example
7. the amount a consumer is willing to pay for a good or service, influenced by supply and demand
9. a plan for spending money
10. a person who buys goods or services in great demand in the market
12. the money people earn for work
14. the final consumers of goods and services that create demand in the market
16. the money remaining after the costs of a business have been paid
18. exchanging goods and services
19. collected from households and businesses by the government to pay for services