BEP by Robert Haag https://padlet.com/rhaag1/893fi4m13trj Describe the BEP (Basic Economic Problem). en-us 2017-09-12 11:51:49 UTC 2024-11-11 18:46:25 UTC hello@padlet.com Welcome. Can you cleverly describe the Basic Economic Problem? (You can post a picture, cartoon or express yourself in writing!) rhaag1 https://padlet.com/rhaag1/893fi4m13trj/wish/186723233 2017-09-12 11:55:17 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/186723233 BEP https://padlet.com/rhaag1/893fi4m13trj/wish/187446609 The Basic Economic Problem (BEP) is basically when people’s wants are unlimited but the resources are scarce (limited). ]]> 2017-09-14 07:06:21 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187446609 Scarcity https://padlet.com/rhaag1/893fi4m13trj/wish/187446687 Scarcity is the basic economic problem which consists of unlimited wants, and limited resources. For example, a resource like Oil is scarce because it is in limited supply and is predicted to soon run out due to our unlimited needs and wants. In general, Oil is a resource that regenerates with time but the time it takes to regenerate is too large. However, a resource like air is not counted as scarce as oil although it is still predicted to run out.
-Nikita G]]> 2017-09-14 07:06:42 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187446687 insufficient https://padlet.com/rhaag1/893fi4m13trj/wish/187446936 insufficient to satisfy all human wants and needs.]]> 2017-09-14 07:08:00 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187446936 https://padlet.com/rhaag1/893fi4m13trj/wish/187447091 We all want it, not all of us can have it.]]> 2017-09-14 07:08:54 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447091 The basic problem is scarcity. It's when people need something but there is a limited resource https://padlet.com/rhaag1/893fi4m13trj/wish/187447131 2017-09-14 07:09:08 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447131 https://padlet.com/rhaag1/893fi4m13trj/wish/187447211 2017-09-14 07:09:32 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447211 https://padlet.com/rhaag1/893fi4m13trj/wish/187447270 I really want it, there isn't enough!

]]> 2017-09-14 07:09:52 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447270 Scarce https://padlet.com/rhaag1/893fi4m13trj/wish/187447279 Something limited in supply, but really high in demand.

]]> 2017-09-14 07:09:55 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447279 https://padlet.com/rhaag1/893fi4m13trj/wish/187447321 When everybody wants something but can't get it]]> 2017-09-14 07:10:05 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447321 https://padlet.com/rhaag1/893fi4m13trj/wish/187447362 2017-09-14 07:10:17 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447362 https://padlet.com/rhaag1/893fi4m13trj/wish/187447434 2017-09-14 07:10:42 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447434 https://padlet.com/rhaag1/893fi4m13trj/wish/187447438 2017-09-14 07:10:44 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447438 https://padlet.com/rhaag1/893fi4m13trj/wish/187447442 Humans want too much and the world doesn't have enough to satisfy all their wants ]]> 2017-09-14 07:10:46 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447442 https://padlet.com/rhaag1/893fi4m13trj/wish/187447443 Humans want too much and the world doesnt have enough to sati]]> 2017-09-14 07:10:46 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447443 https://padlet.com/rhaag1/893fi4m13trj/wish/187447449 insufficient amount of supply, infinite amount of demand]]> 2017-09-14 07:10:47 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447449 https://padlet.com/rhaag1/893fi4m13trj/wish/187447457 2017-09-14 07:10:51 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447457 https://padlet.com/rhaag1/893fi4m13trj/wish/187447460 2017-09-14 07:10:52 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447460 https://padlet.com/rhaag1/893fi4m13trj/wish/187447477 2017-09-14 07:10:56 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447477 https://padlet.com/rhaag1/893fi4m13trj/wish/187447530 2017-09-14 07:11:13 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447530 https://padlet.com/rhaag1/893fi4m13trj/wish/187447578 T]]> 2017-09-14 07:11:28 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447578 https://padlet.com/rhaag1/893fi4m13trj/wish/187447597 2017-09-14 07:11:34 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447597 Water https://padlet.com/rhaag1/893fi4m13trj/wish/187447613 we all want it. But we all can't have it.

]]> 2017-09-14 07:11:41 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447613 https://padlet.com/rhaag1/893fi4m13trj/wish/187447635 2017-09-14 07:11:52 UTC https://padlet.com/rhaag1/893fi4m13trj/wish/187447635