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      <title>Econ Vocabulary by Jami Particka</title>
      <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd</link>
      <description>Topics 1+2</description>
      <language>en-us</language>
      <pubDate>2021-10-07 17:55:43 UTC</pubDate>
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         <title>Scarcity</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808400408</link>
         <description><![CDATA[<div>a condition where there are limited resources to provide for unlimited wants</div>]]></description>
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         <pubDate>2021-10-11 17:51:33 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808400408</guid>
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      <item>
         <title>Market</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808403808</link>
         <description><![CDATA[<div>a place where buyers and sellers meet to exchange goods and services</div>]]></description>
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         <pubDate>2021-10-11 17:52:55 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808403808</guid>
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         <title>Opportunity Cost</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808409581</link>
         <description><![CDATA[<div>the second best alternative given up when making an economic decision</div>]]></description>
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         <pubDate>2021-10-11 17:55:09 UTC</pubDate>
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         <title>Trade-offs</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808415647</link>
         <description><![CDATA[<div>all other unselected choices in an economic decision</div>]]></description>
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         <pubDate>2021-10-11 17:57:57 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808415647</guid>
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      <item>
         <title>Command economy</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808419383</link>
         <description><![CDATA[<div>an economic system where a national government or central planning committee makes all economic decisions</div>]]></description>
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         <pubDate>2021-10-11 17:59:34 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808419383</guid>
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         <title>Market economy</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808422804</link>
         <description><![CDATA[<div>an economic system where individuals own the factors of production and make all economic decisions with little government interference</div>]]></description>
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         <pubDate>2021-10-11 18:01:07 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808422804</guid>
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      <item>
         <title>Traditional economy </title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808428807</link>
         <description><![CDATA[<div>an economic system that relies on traditions and customs to navigate their economic decisions</div>]]></description>
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         <pubDate>2021-10-11 18:03:44 UTC</pubDate>
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         <title>Mixed economy</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808440410</link>
         <description><![CDATA[<div>an economic system where the government controls some aspects of the economy but not all</div>]]></description>
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         <pubDate>2021-10-11 18:08:39 UTC</pubDate>
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      <item>
         <title>Four factors of production</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808443220</link>
         <description><![CDATA[<div>land, labor, capital, and entrepreneurs </div>]]></description>
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         <pubDate>2021-10-11 18:09:56 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808443220</guid>
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      <item>
         <title>Production possibilities curve</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808446863</link>
         <description><![CDATA[<div>a graph that shows the most efficient distributions of resources between two products</div>]]></description>
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         <pubDate>2021-10-11 18:11:36 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808446863</guid>
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      <item>
         <title>Incentives</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808448881</link>
         <description><![CDATA[<div>rewards or profits that motivate one to make certain economic decisions</div>]]></description>
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         <pubDate>2021-10-11 18:12:31 UTC</pubDate>
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      <item>
         <title>Entrepreneur </title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808455162</link>
         <description><![CDATA[<div>a person who starts and/or runs a business</div>]]></description>
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         <pubDate>2021-10-11 18:15:19 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1808455162</guid>
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      <item>
         <title>Capitalism</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809343175</link>
         <description><![CDATA[<div>an economic system where businesses are owned privately</div>]]></description>
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         <pubDate>2021-10-12 02:16:24 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809343175</guid>
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      <item>
         <title>Socialism</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809345438</link>
         <description><![CDATA[<div>an economic system where the government owns a portion of businesses and others are owned privately </div>]]></description>
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         <pubDate>2021-10-12 02:17:23 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809345438</guid>
      </item>
      <item>
         <title>Economic system</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809348904</link>
         <description><![CDATA[<div>the way an economy produces, distributes, and consumes goods and services</div>]]></description>
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         <pubDate>2021-10-12 02:18:57 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809348904</guid>
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      <item>
         <title>Profit motive</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809351831</link>
         <description><![CDATA[<div>the thing that motivates businesses to grow by improving their financial well-being</div>]]></description>
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         <pubDate>2021-10-12 02:20:10 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809351831</guid>
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         <title>Physical capital</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809356093</link>
         <description><![CDATA[<div>the human-made objects used to create other goods and services</div>]]></description>
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         <pubDate>2021-10-12 02:21:57 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809356093</guid>
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      <item>
         <title>Human capital</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809359856</link>
         <description><![CDATA[<div>the skills and knowledge gained by a worker through education and experience</div>]]></description>
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         <pubDate>2021-10-12 02:23:40 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809359856</guid>
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      <item>
         <title>Cost benefit analysis</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809365083</link>
         <description><![CDATA[<div>weighing what you sacrifice compared to what you gain to help make the best economic decision</div>]]></description>
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         <pubDate>2021-10-12 02:25:55 UTC</pubDate>
         <guid>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809365083</guid>
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      <item>
         <title>Sunk costs</title>
         <author>partijam2023</author>
         <link>https://padlet.com/partijam2023/3vrb25bq8ucj2hsd/wish/1809367704</link>
         <description><![CDATA[<div>costs that are made in the past and cannot be recovered</div>]]></description>
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         <pubDate>2021-10-12 02:27:04 UTC</pubDate>
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