Introduction to EMS Crossword Puzzle

QUESTIONS LIST:

• financial statements: written records that convey the financial performance and position of a business
• services: actions of businesses that maintain and improve the well-being and functioning of people
• scarcity: the gap between the availability of limited resources and the needs of people for such resource
• need: something that is essential for survival, e.g. food, water, shelter and clothing
• business: an enterprise or organisation engaged in commercial, industrial or professional activities
• bookkeeping: recording day-to-day financial transactions of a business
• profit: the difference between the amount earned and the amount spent in buying something
• production: organised action of transforming resources into finished goods and services
• goods: products that add some kind of benefits to the lives of the people who consume it
• want: something that is desirable but not necessary for survival, e.g. smart phone
• distribution: the way in which goods, income and wealth of a nation is divided among its population
• ems: abbreviation for economic and management sciences
• consumption: the use of goods and services by households