intro to biz by CAPRI HAYES https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs en-us 2024-01-17 14:49:18 UTC 2024-01-18 19:01:31 UTC hello@padlet.com Economic Systems caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2851997075 An economic system is when societies or governments organize and gives resources, services, and goods to us people.

]]> 2024-01-17 14:55:50 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2851997075 Economics caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2852000539 Economics is resources, production of goods and services.

]]> 2024-01-17 14:57:52 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2852000539 Factor of Production angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853456028 The sources people use to produce goods and services

]]> 2024-01-18 14:33:18 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853456028 charlottethinnes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853456928 What goods and services should be produced to meet consumer needs?


This helps people understand what needs we need and how we can change to meet those needs.

]]> 2024-01-18 14:33:57 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853456928 charlottethinnes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853457283 How should they be produced, and who should produce them?


This lets us know where we should go to get our produce and what places are good.

]]> 2024-01-18 14:34:11 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853457283 charlottethinnes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853457733 Who should receive goods and services?


This tells us the expectations of how we should receive our goods and how we should be served.

]]> 2024-01-18 14:34:28 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853457733 Mixed Economy samariyaewilliams27 https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853459195 2024-01-18 14:35:18 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853459195 Price angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853461021 The amount of money required, given, or expected in a payment.

]]> 2024-01-18 14:36:31 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853461021 Supply angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853466791 Providing someone with a want or a need.

]]> 2024-01-18 14:39:57 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853466791 Demand angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853469541 An insist or required request.

]]> 2024-01-18 14:41:38 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853469541 Market economy caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853469979 A type of economic system where supply and demand regulate the economy.

]]> 2024-01-18 14:41:52 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853469979 samariyaewilliams27 https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853471403 disadvantages

  • The price control can cause shortages in supply

  • Lack of public goods


]]> 2024-01-18 14:42:46 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853471403 Market economy caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853471868 Market economy is a type of economic system where supply and demand regulate the economy.

]]> 2024-01-18 14:43:05 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853471868 Command economy caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853473210 Command economy is when the government determines what is produced, how it is produced, and how it is distributed.

]]> 2024-01-18 14:43:54 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853473210 Equilibrium Price angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853473545 The cost assigned to a product which supply demand is equal or close to equal

]]> 2024-01-18 14:44:06 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853473545 Mixed economy caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853474331 Mixed economy is a system that combines aspects of both capitalism and socialism.

]]> 2024-01-18 14:44:34 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853474331 Command Economy samariyaewilliams27 https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853474761 2024-01-18 14:44:48 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853474761 charlottethinnes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853475885 How does a market system decide what will be produced?


The economy is influenced by demand, supply and pressures of competition.

]]> 2024-01-18 14:45:30 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853475885 charlottethinnes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853478189 In a market system, what determines how many goods and services an individual can buy?


This depends on how much someone makes.

]]> 2024-01-18 14:46:57 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853478189 Market Economy angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853480963

  • The United States

  • The United Kingdom

  • Japan

  • Germany

    • ]]>     2024-01-18 14:48:51 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853480963     charlottethinnes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853482197 Some nations can produce more goods with fewer workers than other countries that have more workers. How can that be true?


    Some nations have more technology that is doing work for people so they don't need as many workers.

    ]]>     2024-01-18 14:49:35 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853482197     Mixed Economy angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853482957

  • France

  • Sweden

  • Norway

  • Vietnam

    • ]]>     2024-01-18 14:50:05 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853482957     Command Economy angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853487109

  • USSR

  • North Korea

  • Cuba

    • ]]>     2024-01-18 14:52:36 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853487109     How Does a Market System Decide What Will be Produced? angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853491837 They can decide this buy who is buying certain products, what products aren't being bought, and what supply they currently have.

    ]]>     2024-01-18 14:55:36 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853491837     In a market system, what determines how many goods and services an individual can buy? caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853491842 Your income which is most generated by working. The number of goods and services available is determined by what people want and how eager they are to buy.

    ]]>     2024-01-18 14:55:37 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853491842     Mixed Economy samariyaewilliams27 https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853491878 advantageous

    • Competitive and Efficient Producers

    • Issues for Welfare of society

    ]]>     2024-01-18 14:55:38 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853491878     Some nations can produce more goods with fewer workers than other countries that have more workers. How can that be true? caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853494139 More technology is used in the country with fewer workers, increasing worker productivity.

    ]]>     2024-01-18 14:57:02 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853494139     angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853494702 2024-01-18 14:57:18 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853494702 angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853495248


    ]]>     2024-01-18 14:57:40 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853495248     Market Economy samariyaewilliams27 https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853495664 advantages

    • Limited Government

    • Competition

    ]]>     2024-01-18 14:57:57 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853495664     angelicabielski27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853496475 2024-01-18 14:58:26 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853496475 Explain the relationship between them and how the equilibrium price fits caprihayes27_ https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853516763 -An equilibrium price is a balance of demand and supply factors.

    -An increase in supply will cause the equilibrium price to fall.

    -An increase in demand will cause the equilibrium price to rise.



    ]]>     2024-01-18 15:11:23 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853516763     Market Economy samariyaewilliams27 https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853831233 disadvantages

    • intense competition

    • poor working conditions

    ]]>     2024-01-18 19:01:31 UTC https://padlet.com/caprihayes27_/bxxx7tw9w6ptaogs/wish/2853831233