https://padlet.com/paulajaimes955/5k451sch45m0eb91 "The Economic Machine" Words in English used in the video en-us 2023-08-30 18:24:21 UTC 2023-08-31 14:41:55 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678786668 A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money. The term is also commonly used in corporate accounting. In business bookkeeping, this plain definition can get tricky. A transaction may be recorded by a company earlier or later depending on whether it uses accrual accounting or cash accounting.]]> 2023-08-30 20:15:43 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678786668 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678788713 Is a collapse in the global financial system that can have a significant impact on the global economy.]]> 2023-08-30 20:18:45 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678788713 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678793715 Is the amount of output produced by a given input. It is typically measured as the output per unit of labor or capital.]]> 2023-08-30 20:24:52 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678793715 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678812391 Is a financial obligation that one party owes to another. It can be incurred by individuals, businesses, or governments.]]> 2023-08-30 20:46:19 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678812391 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678817774 A commodity accepted by general consent as a medium of economic exchange]]> 2023-08-30 20:54:18 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678817774 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678819645 Is the ability to borrow money from a lender. It is typically granted to borrowers who are deemed to be creditworthy, meaning that they are likely to repay the loan.]]> 2023-08-30 20:57:11 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678819645 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678822140 Is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. ]]> 2023-08-30 21:01:13 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678822140 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678827452 Are intangible goods that are produced for sale. It includes services such as healthcare, education, and transportation.]]> 2023-08-30 21:08:39 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678827452 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678829161 2023-08-30 21:10:49 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678829161 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678831054 An expenditure is a purchase of services or goods. Everyone experiences expenditures in their day-to-day activities, like buying groceries.]]> 2023-08-30 21:13:53 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678831054 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678832138 Are periods of economic expansion and contraction. They are caused by a variety of factors, including changes in consumer spending, business investment, and government policy.]]> 2023-08-30 21:15:31 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2678832138 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679786542 A complex system of interrelated production, consumption, and exchange activities that ultimately determines how resources are allocated among all the participants. The production, consumption, and distribution of goods and services combine to fulfill the needs of those living and operating within the economy.]]> 2023-08-31 13:34:40 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679786542 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679791382 Is where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical, like a retail outlet, or virtual, like an e-retailer. Examples include illegal markets, auction markets, and financial markets.]]> 2023-08-31 13:37:48 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679791382 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679794638  Individuals or businesses that purchase goods and services.]]> 2023-08-31 13:40:19 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679794638 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679800270 Individuals or businesses that sell goods and services.]]> 2023-08-31 13:42:51 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679800270 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679801454 Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money).]]> 2023-08-31 13:43:40 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679801454 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679803148 Are organizations that are responsible for the administration of a country.]]> 2023-08-31 13:44:56 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679803148 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679805046 An interest rate is the percentage of an amount of money that is paid for its use over a period of time. The amount may be borrowed or lent, and the interest rate usually refers to the annual cost of borrowing.]]> 2023-08-31 13:46:13 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679805046 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679806261 A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise in a commercial or industrial capacity.]]> 2023-08-31 13:47:10 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679806261 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679808572 Refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest or finance charges to the principal value, which the borrower must repay in addition to the principal balance.]]> 2023-08-31 13:48:57 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679808572 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679813160 Is money or value that an individual or business entity receives in exchange for providing a good or service or through investing capital.]]> 2023-08-31 13:52:35 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679813160 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679815842  The process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create an output which is fit for consumption – a good or product which has value to an end-user or customer.]]> 2023-08-31 13:54:52 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679815842 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679816652 A line of credit that can be used to borrow money to make purchases, transfer balances and get cash advances, with the agreement that you'll pay back the money borrowed plus any interest you owe on it at a later date.]]> 2023-08-31 13:55:28 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679816652 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679818554 An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service. The classification of activities divides economic activities into categories which, by aggregation, make it possible to define the sectors of activity (Agriculture, Industry, Construction, Trade, etc.).]]> 2023-08-31 13:56:42 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679818554 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679819601 General increase in prices and a decrease in the purchasing power of money. It is typically measured by the consumer price index (CPI)]]> 2023-08-31 13:57:30 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679819601 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679820454 General decrease in prices and an increase in the purchasing power of money. It is the opposite of inflation.]]> 2023-08-31 13:58:09 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679820454 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679822189 Are payments that individuals and businesses make to the government. They are used to fund government programs and services.]]> 2023-08-31 13:59:21 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679822189 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679823136 Is a period of economic decline characterized by falling GDP, employment, and investment.]]> 2023-08-31 14:00:01 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679823136 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679824461 Real estate marketing is the practice of promoting a real estate business, agent, or their properties for sale.]]> 2023-08-31 14:00:54 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679824461 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679825871 Refers to several exchanges in which shares of publicly held companies are bought and sold. Such financial activities are conducted through formal exchanges and via over the counter (OTC) marketplaces that operate under a defined set of regulations. ]]> 2023-08-31 14:01:56 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679825871 paulajaimes955 https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679827437 A bond is a fixed-income instrument that represents a loan made by an investor to a borrower typically corporate or governmental.]]> 2023-08-31 14:03:06 UTC https://padlet.com/paulajaimes955/5k451sch45m0eb91/wish/2679827437