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      <title>Economics Vocabulary by Madilynn Hotchkiss</title>
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      <language>en-us</language>
      <pubDate>2019-03-04 13:44:26 UTC</pubDate>
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      <item>
         <title>Scarcity</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351666106</link>
         <description><![CDATA[<div>the state of being scarce or in short supply; shortage.</div>]]></description>
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         <pubDate>2019-04-15 14:25:02 UTC</pubDate>
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         <title>Capital</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351666398</link>
         <description><![CDATA[<div>wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.</div>]]></description>
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         <pubDate>2019-04-15 14:25:44 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351666398</guid>
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         <title>Entrepreneur</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351666827</link>
         <description><![CDATA[<div>a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.</div>]]></description>
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         <pubDate>2019-04-15 14:26:40 UTC</pubDate>
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      <item>
         <title>Land</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351667109</link>
         <description><![CDATA[<div>comprises all naturally occurring resources as well as geographic land.</div>]]></description>
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         <pubDate>2019-04-15 14:27:21 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351667109</guid>
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      <item>
         <title>Labor</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351667738</link>
         <description><![CDATA[<div>work, especially hard physical work.</div>]]></description>
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         <pubDate>2019-04-15 14:28:51 UTC</pubDate>
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      <item>
         <title>Traditional Economy</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351668144</link>
         <description><![CDATA[<div>economic system in which traditions, customs, and beliefs help shape the goods and services the economy produces, as well as the rules and manner of their distribution.</div>]]></description>
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         <pubDate>2019-04-15 14:29:46 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351668144</guid>
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      <item>
         <title>Command Economy</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351668541</link>
         <description><![CDATA[<div>an economy in which production, investment, prices, and incomes are determined centrally by a government.</div>]]></description>
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         <pubDate>2019-04-15 14:30:37 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351668541</guid>
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      <item>
         <title>Market Economy</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351668922</link>
         <description><![CDATA[<div>an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.</div>]]></description>
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         <pubDate>2019-04-15 14:31:29 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351668922</guid>
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      <item>
         <title>Mixed Economy</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351669204</link>
         <description><![CDATA[<div>an economic system combining private and public enterprise.</div>]]></description>
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         <pubDate>2019-04-15 14:32:11 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351669204</guid>
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      <item>
         <title>Free Enterprise</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351669690</link>
         <description><![CDATA[<div>an economic system in which private business operates in competition and largely free of state control.</div>]]></description>
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         <pubDate>2019-04-15 14:33:16 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351669690</guid>
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      <item>
         <title>Circular Flow of Economic Activity</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351670069</link>
         <description><![CDATA[<div>Goods and services flow through the economy in one direction while money flows in the opposite direction. </div>]]></description>
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         <pubDate>2019-04-15 14:34:08 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351670069</guid>
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      <item>
         <title>Competition</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351670530</link>
         <description><![CDATA[<div>the activity or condition of competing.</div>]]></description>
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         <pubDate>2019-04-15 14:35:14 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351670530</guid>
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      <item>
         <title>Profit motive</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351670896</link>
         <description><![CDATA[<div>the desire for financial gain as an incentive in economic activity.</div>]]></description>
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         <pubDate>2019-04-15 14:36:13 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351670896</guid>
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      <item>
         <title>Supply and demand</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351671267</link>
         <description><![CDATA[<div>the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.</div>]]></description>
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         <pubDate>2019-04-15 14:37:05 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351671267</guid>
      </item>
      <item>
         <title>Opportunity Cost</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351671982</link>
         <description><![CDATA[<div>the loss of potential gain from other alternatives when one alternative is chosen.</div>]]></description>
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         <pubDate>2019-04-15 14:38:54 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351671982</guid>
      </item>
      <item>
         <title>Monopoly</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351672460</link>
         <description><![CDATA[<div>the exclusive possession or control of the supply of or trade in a commodity or service.</div>]]></description>
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         <pubDate>2019-04-15 14:40:14 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351672460</guid>
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      <item>
         <title>Oligopoly</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351672861</link>
         <description><![CDATA[<div>a state of limited competition, in which a market is shared by a small number of producers or sellers.</div>]]></description>
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         <pubDate>2019-04-15 14:41:15 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351672861</guid>
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      <item>
         <title>Pure competition</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351673240</link>
         <description><![CDATA[<div>a term that describes a market that has a broad range of competitors who are selling the same products. It is often referred to as perfect competition.</div>]]></description>
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         <pubDate>2019-04-15 14:42:26 UTC</pubDate>
         <guid>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351673240</guid>
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      <item>
         <title>Monopolistic competition</title>
         <author>madhot0586</author>
         <link>https://padlet.com/madhot0586/2m76lmzae9a9/wish/351673384</link>
         <description><![CDATA[<div>is a type of imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes.</div>]]></description>
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         <pubDate>2019-04-15 14:42:31 UTC</pubDate>
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