https://padlet.com/519484/jivrl6m2he6w en-us 2018-03-13 18:11:49 UTC 2018-03-14 18:36:57 UTC hello@padlet.com 519484 https://padlet.com/519484/jivrl6m2he6w/wish/241557651 1. The profit motive acts as
an incentive for people to
produce and sell goods and
services.
2. Economists look at a variety
of factors to assess the
growth and performance of a
nation’s economy.
3. Governments strive for a
balance between the costs
and benefits of their
economic policies to promote
economic stability and
growth.]]> 2018-03-13 18:17:06 UTC https://padlet.com/519484/jivrl6m2he6w/wish/241557651 519484 https://padlet.com/519484/jivrl6m2he6w/wish/242047863 Market structures include perfect competition, monopolistic competition, oligopoly, and monopoly.]]> 2018-03-14 18:24:16 UTC https://padlet.com/519484/jivrl6m2he6w/wish/242047863 519484 https://padlet.com/519484/jivrl6m2he6w/wish/242050718 Inadequate
competition, inadequate information, immobile
resources, public goods, and externalities can lead
to market failures.]]> 2018-03-14 18:29:10 UTC https://padlet.com/519484/jivrl6m2he6w/wish/242050718 519484 https://padlet.com/519484/jivrl6m2he6w/wish/242051512 Economic functions of government in a market economy is to maintain competition.]]> 2018-03-14 18:30:37 UTC https://padlet.com/519484/jivrl6m2he6w/wish/242051512 519484 https://padlet.com/519484/jivrl6m2he6w/wish/242053261 2018-03-14 18:33:58 UTC https://padlet.com/519484/jivrl6m2he6w/wish/242053261 519484 https://padlet.com/519484/jivrl6m2he6w/wish/242053480 2018-03-14 18:34:24 UTC https://padlet.com/519484/jivrl6m2he6w/wish/242053480 519484 https://padlet.com/519484/jivrl6m2he6w/wish/242054344 2018-03-14 18:35:53 UTC https://padlet.com/519484/jivrl6m2he6w/wish/242054344