Lazy Guide to Unit 1 by Anthony Fagant https://padlet.com/anthony_fagant/t92eh061zg66 Study this for the bare essentials en-us 2018-10-08 15:16:23 UTC 2026-01-14 12:16:17 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png Karl Marx anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290347474 Co-Author of the Communist manifesto. (1818-1883)]]> 2018-10-08 15:22:36 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290347474 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290348817 2018-10-08 15:25:09 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290348817 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290349608 2018-10-08 15:26:46 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290349608 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290350378 2018-10-08 15:28:15 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290350378 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290352359 2018-10-08 15:32:13 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290352359 PPC (Production possibilities curve) anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290353094 Also called a possibility frontier, it measures all possible trade offs between the production of two goods with a constant rate of resources and technology.]]> 2018-10-08 15:33:35 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290353094 PPC anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290355345 A- Recession 
B,C,D- Full employment and use of resources 
X- Impossible Point ]]> 2018-10-08 15:37:40 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290355345 Example PPC anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290721004 2018-10-09 13:28:33 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290721004 Land anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290807334 2018-10-09 15:25:20 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290807334 Labor anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290808499 2018-10-09 15:26:26 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290808499 Capital anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290809691 2018-10-09 15:27:33 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290809691 Fundamental Economic problem anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290812480 Seemingly unlimited wants and limited resources to supply with. ]]> 2018-10-09 15:30:13 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290812480 Scarcity anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290813495 When the demand outstrips the supply of the market]]> 2018-10-09 15:31:24 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290813495 Abundance anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290815579 When the supply is greater than the demand for a good or service ]]> 2018-10-09 15:33:29 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290815579 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290817161 2018-10-09 15:35:19 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290817161 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290818849 2018-10-09 15:37:32 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290818849 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290819268 2018-10-09 15:38:05 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290819268 anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290819782 2018-10-09 15:38:54 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290819782 Market Economy Example anthony_fagant https://padlet.com/anthony_fagant/t92eh061zg66/wish/290822650 2018-10-09 15:42:34 UTC https://padlet.com/anthony_fagant/t92eh061zg66/wish/290822650