https://padlet.com/cho0148/6k103pm573lm Humanities en-us 2018-04-27 04:37:25 UTC 2018-04-29 23:30:56 UTC hello@padlet.com cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/255895448 This is when we don’t have enough resources to make all our needs and wants.]]> 2018-04-27 04:42:22 UTC https://padlet.com/cho0148/6k103pm573lm/wish/255895448 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/255895703 Needs is something that’s necessary to survive and live.

]]> 2018-04-27 04:44:51 UTC https://padlet.com/cho0148/6k103pm573lm/wish/255895703 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/255895788 Wants are like luxury you want for your own satisfaction.]]> 2018-04-27 04:45:53 UTC https://padlet.com/cho0148/6k103pm573lm/wish/255895788 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/255896330 Resources are things one needs to make something.

]]> 2018-04-27 04:51:47 UTC https://padlet.com/cho0148/6k103pm573lm/wish/255896330 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/255896424 Materials that satisfy our wants.]]> 2018-04-27 04:52:56 UTC https://padlet.com/cho0148/6k103pm573lm/wish/255896424 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/255896722 Service is a transaction made with no physical goods. ]]> 2018-04-27 04:55:36 UTC https://padlet.com/cho0148/6k103pm573lm/wish/255896722 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/255897899 A market economy is a system where decisions and the price of goods and services are made based on businesses and citizens interactions or the quantity of consumers and producers.]]> 2018-04-27 05:10:55 UTC https://padlet.com/cho0148/6k103pm573lm/wish/255897899 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/256353948 People and farmers from all across the world can demand for livestock at a price and the producers are the local farmers who bred them]]> 2018-04-29 23:17:46 UTC https://padlet.com/cho0148/6k103pm573lm/wish/256353948 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/256354336 Anyone could buy games from stores or online but they all come from the producers of the game. There are many different companies that develop games so there could be many producers.]]> 2018-04-29 23:21:15 UTC https://padlet.com/cho0148/6k103pm573lm/wish/256354336 cho0148 https://padlet.com/cho0148/6k103pm573lm/wish/256355002 If a product increases in price, the buyers would probably buy less because it is more expensive. And for the decrease of a product, the buyers would probably buy more of the product due to its cheapness, but the producers won’t profit as much as they used to.]]> 2018-04-29 23:27:31 UTC https://padlet.com/cho0148/6k103pm573lm/wish/256355002