https://padlet.com/aj12699/wgvyyp5eyd8m by Aaron Castro en-us 2016-09-01 04:14:34 UTC 2025-03-14 02:10:17 UTC hello@padlet.com aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121005117 something essential or very important for survival.]]> 2016-09-01 04:34:36 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121005117 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121005678 A desire for something but not required for survival for example a nice car.]]> 2016-09-01 04:40:12 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121005678 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121006022 a physical item that we want such as a hotdog.]]> 2016-09-01 04:43:40 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121006022 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121006206 actions and activities that one person performs for another such as giving a haircut or serving food at a restaurant.]]> 2016-09-01 04:45:27 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121006206 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121006565 Limited quantities of resources to meet unlimited wants such as oil.]]> 2016-09-01 04:49:47 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121006565 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121007436 Land referring to all natural resources used to produce goods. Labor referring to the effort that a person is putting towards a task for which the person is paid. And Capital which is any human made resource that is used to produce other goods.]]> 2016-09-01 04:59:51 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121007436 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008065 factor of production]]> 2016-09-01 05:08:03 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008065 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008145 a factor of production]]> 2016-09-01 05:08:55 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008145 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008376 The process running and or making of a new business.]]> 2016-09-01 05:11:44 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008376 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008741 A temporary cancellation in production of goods or services at current prices such as the freshwater supply in Fiji.]]> 2016-09-01 05:16:09 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121008741 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121009055 The alternatives that we give up whenever we choose one course of action over another. An example of this would be the idea of guns or butter.]]> 2016-09-01 05:19:56 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121009055 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121009538 An example commonly used by Economists to explain how if a country were to produce more military goods (Guns) has fewer resources to devote to consumer goods (butter) and vice versa ]]> 2016-09-01 05:27:05 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121009538 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121010007 When you decide how much more or less to do. For example, you have a line that separates a piece of paper leaving a space for writing from extra space on the paper. You might use some of that extra space on the paper or you could leave it blank]]> 2016-09-01 05:35:06 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121010007 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011029 A curve depicting all maximum output possibilities for two goods]]> 2016-09-01 05:56:20 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011029 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011353 Using all resources in a way that maximizes production of the good or service.]]> 2016-09-01 06:01:48 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011353 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011695 resources that are there but not being used, also it is indicated by any point inside the line]]> 2016-09-01 06:07:23 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011695 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011965 an amount that has to be paid or spent to buy or obtain something.]]> 2016-09-01 06:11:33 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121011965 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121012199 individually owned arrangement of buying and selling where those who specialize in something can sell their goods.

]]> 2016-09-01 06:14:30 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121012199 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121013872 central government that controls the economy.]]> 2016-09-01 06:29:00 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121013872 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121014143 a mix of market based economies and centrally planned economies.]]> 2016-09-01 06:31:45 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121014143 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121014458 The concentration of productive efforts of individuals and firms on a limited number of activities. An example would be a baker who specializes in making pastries.

]]> 2016-09-01 06:34:33 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121014458 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121015251 person or group of people living in the same residence.]]> 2016-09-01 06:41:00 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121015251 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121015411 organization that uses resources to produce a product, which it then sells.]]> 2016-09-01 06:42:36 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121015411 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121015703 firms purchase the factors of production from households.]]> 2016-09-01 06:45:18 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121015703 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121016479 market where households purchase the goods and services that firms produce]]> 2016-09-01 06:51:30 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121016479 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121016748 A financial gain made in a transaction.]]> 2016-09-01 06:53:34 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121016748 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121017020 one's own personal gain.]]> 2016-09-01 06:56:03 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121017020 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121017728 An expectation that encourages people to behave in a certain way. Or to receive an award for doing something.]]> 2016-09-01 07:02:02 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121017728 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121018129 The struggle among producers for the dollars of consumers. And also if possible while lowering costs.]]> 2016-09-01 07:06:20 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121018129 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121018345 Economists use the term to describe the self-regulating nature of the marketplace.]]> 2016-09-01 07:08:13 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121018345 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121018809 A social and political philosophy based on the belief that democratic means should be used to evenly distribute wealth throughout a society.]]> 2016-09-01 07:12:56 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121018809 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121019188 A person who introduced their socialist philosophy in The Manifesto in 1848.]]> 2016-09-01 07:16:37 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121019188 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121019577 characterized by a centrally planned economy with all economic and political power resting in the hands of the central government.]]> 2016-09-01 07:19:54 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121019577 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121019923 The Doctrine that government generally should not intervene in the marketplace.]]> 2016-09-01 07:23:07 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121019923 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121020949 property owned by individuals, not by government or public.]]> 2016-09-01 07:32:09 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121020949 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121021190 An economic system characterized by a corporate ownership of capital goods. They are also determined in a free market]]> 2016-09-01 07:34:05 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121021190 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121021591 To sell state run firms.]]> 2016-09-01 07:37:23 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121021591 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121021882 The force that encourages people and organizations to improve their material well-being.]]> 2016-09-01 07:39:53 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121021882 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121022180 The concept that people may decide what and when they want to buy and sell.]]> 2016-09-01 07:42:50 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121022180 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121022757 A private organization that tries to persuade public officials to act or vote according to group members' interests.]]> 2016-09-01 07:48:47 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121022757 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121023219 laws requiring companies to provide full information about their products.]]> 2016-09-01 07:53:24 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121023219 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121023757 The concerns of the public as a whole.]]> 2016-09-01 07:58:32 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121023757 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121023891 The total value of all final goods and services produced in a particular economy.]]> 2016-09-01 08:00:21 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121023891 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121024046 A period of macroeconomic expansion followed by a period of contraction. Macroeconomics examines major trends for the economy as a whole.]]> 2016-09-01 08:02:32 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121024046 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121024513 The part of the economy that involves the transactions of individuals and businesses. ]]> 2016-09-01 08:07:52 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121024513 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121024715 someone who would not choose to pay for a certain good or service , but would get the benefits of it anyway if it were provided as a public good.]]> 2016-09-01 08:10:16 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121024715 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121025046 A situation in which the market does not distribute resources efficiently.]]> 2016-09-01 08:13:29 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121025046 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121025403 An economic side effect of a good or service that generates benefits or costs to someone other than deciding how much to produce or consume. For example your making pencils, but at the same time destroying the forest around you to supply for it.]]> 2016-09-01 08:16:06 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121025403 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121025903 An income level below that which is needed to support families or households.]]> 2016-09-01 08:21:06 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121025903 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121026105 Government aid to the poor]]> 2016-09-01 08:23:04 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121026105 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121026219 direct payments of money to eligible poor people.]]> 2016-09-01 08:23:54 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121026219 aj12699 https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121026424 Goods and services provided for free or at cheap prices.]]> 2016-09-01 08:25:46 UTC https://padlet.com/aj12699/wgvyyp5eyd8m/wish/121026424