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      <title>economic vocabulary  by Briasia Bowen</title>
      <link>https://padlet.com/bribow2273/7ogwff2zm24p</link>
      <description>Made with a lightning strike of genius</description>
      <language>en-us</language>
      <pubDate>2018-05-04 17:27:12 UTC</pubDate>
      <lastBuildDate>2018-05-05 00:34:24 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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      <item>
         <title>Economics </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258109249</link>
         <description><![CDATA[<div>justified in terms of profitability</div>]]></description>
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         <pubDate>2018-05-04 17:27:47 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258109249</guid>
      </item>
      <item>
         <title>Wants</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258109686</link>
         <description><![CDATA[<div>have a desire to possess or do (something); wish for.<br><br></div>]]></description>
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         <pubDate>2018-05-04 17:29:02 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258109686</guid>
      </item>
      <item>
         <title>Needs </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258109846</link>
         <description><![CDATA[<div>Things you need to survive </div>]]></description>
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         <pubDate>2018-05-04 17:29:29 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258109846</guid>
      </item>
      <item>
         <title>Land </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258110114</link>
         <description><![CDATA[<div>Gifts of nature that make production possible </div>]]></description>
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         <pubDate>2018-05-04 17:30:16 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258110114</guid>
      </item>
      <item>
         <title>Labor</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258110660</link>
         <description><![CDATA[<div>anyone who produces good and services</div>]]></description>
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         <pubDate>2018-05-04 17:31:57 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258110660</guid>
      </item>
      <item>
         <title>Entrepreneur </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258110872</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>2018-05-04 17:32:41 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258110872</guid>
      </item>
      <item>
         <title>Capital</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258111100</link>
         <description><![CDATA[<div>manufactured goods used to make other goods and services  </div>]]></description>
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         <pubDate>2018-05-04 17:33:18 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258111100</guid>
      </item>
      <item>
         <title>Renewable resources </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258111549</link>
         <description><![CDATA[<div>Some renewable resources have essentially an endless supply, such as solar energy, wind energy and geothermal pressure, while other resources are considered renewable even though some time or effort must go into their renewal, such as wood, oxygen, leather and fish.</div>]]></description>
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         <pubDate>2018-05-04 17:34:42 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258111549</guid>
      </item>
      <item>
         <title>nonrenewable resouces</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258111802</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>2018-05-04 17:35:38 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258111802</guid>
      </item>
      <item>
         <title>Goods</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258112234</link>
         <description><![CDATA[<div>are 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>2018-05-04 17:37:01 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258112234</guid>
      </item>
      <item>
         <title>Services</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258113077</link>
         <description><![CDATA[<div>n immaterial exchange of value occurs. When a service such as labor is performed the buyer does not take exclusive ownership of that which is purchased, unless agreed upon by buyer and seller.</div>]]></description>
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         <pubDate>2018-05-04 17:39:20 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258113077</guid>
      </item>
      <item>
         <title>wages</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258114515</link>
         <description><![CDATA[<div>A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done.</div>]]></description>
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         <pubDate>2018-05-04 17:43:10 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258114515</guid>
      </item>
      <item>
         <title>salary</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258114959</link>
         <description><![CDATA[<div>a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.</div>]]></description>
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         <pubDate>2018-05-04 17:44:02 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258114959</guid>
      </item>
      <item>
         <title>Fixed costs </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180628</link>
         <description><![CDATA[<div>business costs, such as rent, that are constant whatever the quantity of goods or services produced</div>]]></description>
         <enclosure url="https://danielgoeskenya.files.wordpress.com/2011/12/fixed-costs.jpg" />
         <pubDate>2018-05-05 00:25:13 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180628</guid>
      </item>
      <item>
         <title>Variable costs</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180662</link>
         <description><![CDATA[<ol><li>a cost that varies with the level of output.</li></ol><div><br></div>]]></description>
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         <pubDate>2018-05-05 00:26:03 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180662</guid>
      </item>
      <item>
         <title>Total cost </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180706</link>
         <description><![CDATA[<div>is made up of variable <strong>costs</strong>, which vary according to the quantity of a good produced and include inputs such as labor and raw materials, plus fixed <strong>costs</strong>, which are independent of the quantity of a good produced and ...</div>]]></description>
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         <pubDate>2018-05-05 00:26:52 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180706</guid>
      </item>
      <item>
         <title>Marginal Cost</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180763</link>
         <description><![CDATA[<div>the change in the opportunity <strong>cost</strong> that arises when the quantity produced is incremented by one unit, that is, it is the <strong>cost</strong> of producing one more unit of a good.</div>]]></description>
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         <pubDate>2018-05-05 00:28:00 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180763</guid>
      </item>
      <item>
         <title>Consumer </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180794</link>
         <description><![CDATA[<div>a person who purchases goods and services for personal use.</div>]]></description>
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         <pubDate>2018-05-05 00:28:39 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180794</guid>
      </item>
      <item>
         <title>Producer </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180820</link>
         <description><![CDATA[<div>a person, company, or country that makes, grows, or supplies goods or commodities for sale.</div>]]></description>
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         <pubDate>2018-05-05 00:29:14 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180820</guid>
      </item>
      <item>
         <title>White collar </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180865</link>
         <description><![CDATA[<div>relating to the work done or those who work in an office or other professional environment.</div>]]></description>
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         <pubDate>2018-05-05 00:30:06 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180865</guid>
      </item>
      <item>
         <title>Blue collar </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180884</link>
         <description><![CDATA[<div>relating to manual work or workers, particularly in industry.</div>]]></description>
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         <pubDate>2018-05-05 00:30:40 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180884</guid>
      </item>
      <item>
         <title>Skilled workers</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180922</link>
         <description><![CDATA[<div> is any <strong>worker</strong> who has special <strong>skill</strong>, training, knowledge, and (usually acquired) ability in their work</div>]]></description>
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         <pubDate>2018-05-05 00:31:30 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180922</guid>
      </item>
      <item>
         <title>Unskilled workers</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180956</link>
         <description><![CDATA[<div>segment of the workforce associated with a limited skill set or minimal economic value for the work performed. <strong>Unskilled labor</strong> is generally characterized by 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>2018-05-05 00:32:18 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258180956</guid>
      </item>
      <item>
         <title>Profit motives</title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258181025</link>
         <description><![CDATA[<div>the desire for financial gain as an incentive in economic activity.</div>]]></description>
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         <pubDate>2018-05-05 00:33:37 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258181025</guid>
      </item>
      <item>
         <title>Incentive </title>
         <author>bribow2273</author>
         <link>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258181068</link>
         <description><![CDATA[<div>a payment or concession to stimulate greater output or investment.</div>]]></description>
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         <pubDate>2018-05-05 00:34:24 UTC</pubDate>
         <guid>https://padlet.com/bribow2273/7ogwff2zm24p/wish/258181068</guid>
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