https://padlet.com/wedhei16/802b20q05ic 10 Hashtags that represent concepts learned from Unit 1 en-us 2017-11-13 17:43:17 UTC 2025-10-30 10:37:53 UTC hello@padlet.com wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206380602 Experience and education that humans gather to use within the factors of production. 
Ex. PLHS classroom ]]> 2017-11-13 17:45:07 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206380602 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206381261 Laws that require companies to provide consumers with important information about their products. 
Ex. Nutrition facts on food labels ]]> 2017-11-13 17:46:11 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206381261 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206381981 An item that is the same no matter who makes or sells it.
Ex. Toilet paper]]> 2017-11-13 17:47:18 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206381981 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206383132 Monopolies form when there is a barrier to entry within given market that has a sole proprietor.
Ex. Lakermarketplace]]> 2017-11-13 17:49:11 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206383132 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206388893 Changed the economy as a whole by creating jobs, etc.
Ex. Media Center]]> 2017-11-13 17:58:20 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206388893 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206389155 A part time job that pays minimum wage. It has a job specific human capital and is seasonal.
Ex. Laker Cafe barista]]> 2017-11-13 17:58:45 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206389155 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206389438 A full time/part time job that has a salary and contract. It requires a 4 year degree or higher and a license.
Ex. PLHS teacher]]> 2017-11-13 17:59:11 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206389438 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206389649 Anything that serves as a medium of exchange, a Unit of account and a store of value.
Ex. Money]]> 2017-11-13 17:59:30 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206389649 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206390017 A need is a necessity for survival while a want is a desire, wish not essential for survival.
Ex. Water and a high priced drink ]]> 2017-11-13 18:00:03 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206390017 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206390405 Both state and federal governments involvement in concerns of the public.
Ex. Wearing gloves while handling food]]> 2017-11-13 18:00:34 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206390405 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206391184 A market in which a large number of firms(businesses) are all producing/selling essentially the same product at the most similar price.
Ex. Chip options available ]]> 2017-11-13 18:01:50 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206391184 wedhei16 https://padlet.com/wedhei16/802b20q05ic/wish/206391786 The advancement of technology brought about various electronic banking features for many customer.
Ex. Lunch accounts, using Feepay]]> 2017-11-13 18:02:54 UTC https://padlet.com/wedhei16/802b20q05ic/wish/206391786