https://padlet.com/ricseb4969/np79jcxyylgu Made with ♥ en-us 2019-04-18 14:13:48 UTC 2019-04-18 14:30:29 UTC hello@padlet.com ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352563196 the state of being scarce or in short supply; shortage.

]]> 2019-04-18 14:14:35 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352563196 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352563622 Goods that can be used in the production of other goods ]]> 2019-04-18 14:15:50 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352563622 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564101 An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture.]]> 2019-04-18 14:17:02 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564101 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564306 comprises all naturally occurring resources as well as geographic land.]]> 2019-04-18 14:17:37 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564306 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564471 Labor is the amount of physical, mental, and social effort used to produce goods and services in an economy.]]> 2019-04-18 14:18:05 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564471 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564766 an economic system in which traditions, customs, and beliefs help shape the goods and services the economy produces, as well as the rules and manner of their distribution.]]> 2019-04-18 14:18:57 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564766 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564961 a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale.]]> 2019-04-18 14:19:36 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352564961 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352565283  an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.]]> 2019-04-18 14:20:33 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352565283 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352565671 An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist.]]> 2019-04-18 14:21:39 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352565671 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352565882 a type of economy where products, prices, and services are determined by the market, not the government. ]]> 2019-04-18 14:22:26 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352565882 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566157 Goods and services flow through the economy in one direction while money flows in the opposite direction.]]> 2019-04-18 14:23:28 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566157 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566290 a condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.]]> 2019-04-18 14:23:54 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566290 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566582 the motivation of firms that operate so as to maximize their profits.]]> 2019-04-18 14:24:56 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566582 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566825 a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. ]]> 2019-04-18 14:25:42 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566825 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566966 An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.]]> 2019-04-18 14:26:06 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352566966 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352567192 the value of the next-highest-valued alternative use of that resource.]]> 2019-04-18 14:26:46 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352567192 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352567491  A market structure characterized by a single seller, selling a unique product in the market.]]> 2019-04-18 14:27:37 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352567491 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352567757 a market structure with a small number of firms, none of which can keep the others from having significant influence.]]> 2019-04-18 14:28:22 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352567757 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352568102 a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.]]> 2019-04-18 14:29:22 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352568102 ricseb4969 https://padlet.com/ricseb4969/np79jcxyylgu/wish/352568392 a term that describes a market that has a broad range of competitors who are selling the same products. It is often referred to as perfect competition.]]> 2019-04-18 14:30:16 UTC https://padlet.com/ricseb4969/np79jcxyylgu/wish/352568392