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      <title>Economics Pt.1 by Andrea Little</title>
      <link>https://padlet.com/andlit0640/52z9nc05k4m3</link>
      <description>Vocabulary</description>
      <language>en-us</language>
      <pubDate>2018-05-01 16:27:37 UTC</pubDate>
      <lastBuildDate>2018-05-01 16:54:58 UTC</lastBuildDate>
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         <title>Economics</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256931500</link>
         <description><![CDATA[<div>the social science that studies the production, distribution, and consumption of goods and services.</div>]]></description>
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         <pubDate>2018-05-01 16:30:35 UTC</pubDate>
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      </item>
      <item>
         <title>Wants</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256931863</link>
         <description><![CDATA[<div>have a desire to possess or do (something); wish for</div>]]></description>
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         <pubDate>2018-05-01 16:31:29 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256931863</guid>
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      <item>
         <title>Needs</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256931921</link>
         <description><![CDATA[<div>Something that is necessary to lead a healthy life</div>]]></description>
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         <pubDate>2018-05-01 16:31:40 UTC</pubDate>
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         <title>Land</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932051</link>
         <description><![CDATA[<div>all that nature provides, including minerals, forest products, and water and land resources.</div>]]></description>
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         <pubDate>2018-05-01 16:32:00 UTC</pubDate>
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      <item>
         <title>Labor</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932105</link>
         <description><![CDATA[<div>work, especially hard physical work</div>]]></description>
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         <pubDate>2018-05-01 16:32:09 UTC</pubDate>
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      <item>
         <title>Entrepreneur </title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932189</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>2018-05-01 16:32:24 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932189</guid>
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         <title>Capital</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932318</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>2018-05-01 16:32:41 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932318</guid>
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      <item>
         <title>Renewable resource</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932417</link>
         <description><![CDATA[<div>any natural resource that can replenish itself naturally over time, as wood or solar energy</div>]]></description>
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         <pubDate>2018-05-01 16:32:52 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932417</guid>
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      <item>
         <title>Nonrenewable resource</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932607</link>
         <description><![CDATA[<div>a resource of economic value that cannot be readily replaced by natural means on a level equal to its consumption</div>]]></description>
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         <pubDate>2018-05-01 16:33:19 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932607</guid>
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      <item>
         <title>Goods</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932746</link>
         <description><![CDATA[<div>materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.</div>]]></description>
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         <pubDate>2018-05-01 16:33:39 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932746</guid>
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      <item>
         <title>Sevices</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932812</link>
         <description><![CDATA[<div>an economic activity where an immaterial exchange of value occurs.</div>]]></description>
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         <pubDate>2018-05-01 16:33:49 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932812</guid>
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      <item>
         <title>Wages</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932870</link>
         <description><![CDATA[<div>monetary compensation  paid by an employer to an employee in exchange for work done.</div>]]></description>
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         <pubDate>2018-05-01 16:33:56 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256932870</guid>
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      <item>
         <title>Salary</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933155</link>
         <description><![CDATA[<div>form of payment from an employer to an employee, which may be specified in an employment contract.</div>]]></description>
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         <pubDate>2018-05-01 16:34:18 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933155</guid>
      </item>
      <item>
         <title>Fixed Cost</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933192</link>
         <description><![CDATA[<div>business expenses that are not dependent on the level of goods or services produced by the business.</div>]]></description>
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         <pubDate>2018-05-01 16:34:24 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933192</guid>
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      <item>
         <title>Variable Costs</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933483</link>
         <description><![CDATA[<div>a corporate expense that changes in proportion with production output.</div>]]></description>
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         <pubDate>2018-05-01 16:34:59 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933483</guid>
      </item>
      <item>
         <title>Total costs</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933726</link>
         <description><![CDATA[<div>the total expense incurred in reaching a particular level of output</div>]]></description>
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         <pubDate>2018-05-01 16:35:27 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933726</guid>
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      <item>
         <title>Marginal costs</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933773</link>
         <description><![CDATA[<div>the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.</div>]]></description>
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         <pubDate>2018-05-01 16:35:33 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933773</guid>
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      <item>
         <title>Consumer</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256933980</link>
         <description><![CDATA[<div>a person or organization that uses economic services or commodities.</div>]]></description>
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         <pubDate>2018-05-01 16:35:54 UTC</pubDate>
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      <item>
         <title>Producer</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934044</link>
         <description><![CDATA[<div>someone who creates and supplies goods or services; they combine labor and capital.</div>]]></description>
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         <pubDate>2018-05-01 16:36:02 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934044</guid>
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      <item>
         <title>White Collar</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934360</link>
         <description><![CDATA[<div>"shirt and tie" set, defined by office jobs and not "getting their hands dirty" </div>]]></description>
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         <pubDate>2018-05-01 16:36:41 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934360</guid>
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      <item>
         <title>Blue Collar</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934437</link>
         <description><![CDATA[<div>work in trade occupations and are manual laborers.</div>]]></description>
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         <pubDate>2018-05-01 16:36:50 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934437</guid>
      </item>
      <item>
         <title>Skilled workers</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934534</link>
         <description><![CDATA[<div>any worker who has special skill, training, knowledge, and (usually acquired) ability in their work. A skilled worker may have attended a college, university or technical school</div>]]></description>
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         <pubDate>2018-05-01 16:37:03 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934534</guid>
      </item>
      <item>
         <title>Unskilled workers</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934644</link>
         <description><![CDATA[<div>a lower educational attainment, such as a high school diploma, GED or lack thereof, and typically results in smaller wages.</div>]]></description>
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         <pubDate>2018-05-01 16:37:18 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934644</guid>
      </item>
      <item>
         <title>Profit motives</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934757</link>
         <description><![CDATA[<div>he motivation of firms that operate so as to maximize their profits.</div>]]></description>
         <enclosure url="http://falkvinge.net/files/2011/06/profit-646x363.png" />
         <pubDate>2018-05-01 16:37:32 UTC</pubDate>
         <guid>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934757</guid>
      </item>
      <item>
         <title>Incentives</title>
         <author>andlit0640</author>
         <link>https://padlet.com/andlit0640/52z9nc05k4m3/wish/256934779</link>
         <description><![CDATA[<div>what motivates you to behave in a certain way, while preferences are your needs, wants and desires</div>]]></description>
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         <pubDate>2018-05-01 16:37:36 UTC</pubDate>
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