Econ Review padlet by Joshua Wagner https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku HW en-us 2021-10-08 17:29:40 UTC 2026-01-20 08:36:28 UTC hello@padlet.com Scarcity wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803052020 condition in which there aren't enough resources to meet wants



]]> 2021-10-08 17:35:53 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803052020 Economics wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803055207 study of how people try to satisfy unlimited wants through limited resources





]]> 2021-10-08 17:37:50 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803055207 Opportunity cost wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803056668 Choosing one thing and giving up the next best alternative



]]> 2021-10-08 17:38:40 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803056668 capitalism wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803058613 an economic system where businesses are owned privately



]]> 2021-10-08 17:39:49 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803058613 profit motive wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803059698 Encourages people to improve their financial well-being. What businesses are motivated by.



]]> 2021-10-08 17:40:27 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803059698 Adam Smith wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803061910 Laisse-faire economics. Wealth of Nations.









]]> 2021-10-08 17:41:40 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803061910 Cost benefit analysis wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803063416 Weighing what you sacrifice compared to what you gain to help you make the best decision



]]> 2021-10-08 17:42:25 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803063416 voluntary exchange wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803065099 People may freely participate in the market.





]]> 2021-10-08 17:43:21 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803065099 market Economy wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803066422 system in which individuals own the factors of production and make economic decisions with limited government interference



]]> 2021-10-08 17:44:09 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803066422 Traditional economy wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803068821 an economic system that relies on habit, custom, or ritual to decide the three key economic questions



]]> 2021-10-08 17:45:33 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803068821 Command economy wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803071070 The national government or central planning committee answers the 3 basic economic questions.



]]> 2021-10-08 17:46:54 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803071070 Three basic questions wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803072510 Who, What, How



]]> 2021-10-08 17:47:48 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803072510 Four factors of production wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803087964 Land, capital, labor, entrepreneurs



]]> 2021-10-08 17:57:00 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803087964 characteristics of a market economies wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803091061 Freedom of choice, competition, stability



]]> 2021-10-08 17:58:40 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803091061 Production possibilities curve wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803092902 shows how well an economy is doing. Show production capabilities of a company.



]]> 2021-10-08 17:59:47 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803092902 trade offs wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803094319 alternatives that must be given up when a decision is made.



]]> 2021-10-08 18:00:39 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803094319 Incentives wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803096383 alternatives that must be given up when a decision is made.



]]> 2021-10-08 18:01:57 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803096383 Sunk costs wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803097501 costs that are made in the past and cannot be recovered



]]> 2021-10-08 18:02:40 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803097501 physical capital wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803099128 the human-made objects used to create other goods and services



]]> 2021-10-08 18:03:38 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1803099128 Command economy wagnejos2024 https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1808379805 The national government or central planning committee answers the 3 basic economic questions.



]]> 2021-10-11 17:42:43 UTC https://padlet.com/wagnejos2024/jy42fsanvlwhd9ku/wish/1808379805