https://padlet.com/mmarkolovic/5rs19wbv70wh What does the data explain or demonstrate? en-us 2019-10-23 12:33:34 UTC 2019-10-29 13:57:26 UTC hello@padlet.com srose28 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398010 Data demonstrates that different factors in the economy have different skills that can be used to efficiently create products, thus demonstrating the need and benefit of specialization. Specialization also allows the production of a product to be better duplicated on a larger scale.]]> 2019-10-23 12:40:49 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398010 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398338 2019-10-23 12:41:19 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398338 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398421 The data we have demonstrates that specialization is useful in an economy because when we were able to pick which item we made better, our productivity increased. Specialization is helpful in an economy because it allows the same process on a larger scale.]]> 2019-10-23 12:41:28 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398421 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398531 Many of the groups states how specialization would be beneficial to the process, because being specialized in a specific area would speed up the production rate and make the economy more efficient.]]> 2019-10-23 12:41:41 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398531 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398554 The data shows the different factors that are associated with an economy and how certain factors impact an economy.]]> 2019-10-23 12:41:45 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398554 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398635 The activity demonstrated through data that organizing resources and specializing operations is a necessity for production and manufacturing. There is a need to allocate resources when there is scarcity, and in this case we learned that time and productivity is one of those resources. Because there is a limit on these resources, specialization needs to be applied in order to find the most efficient method to creating a profitable product.]]> 2019-10-23 12:41:52 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398635 fscott5 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398693 The data in this activity demonstrated how if you have someone specialized in an economy it decreases the production time and increases the quality of the goods that are produced.  ]]> 2019-10-23 12:41:57 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398693 kbrown208 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398726 When looking at other groups reflections I noticed that specialization was necessary to make a better quality product and make the process more efficient. Also, when we were able to pick the product we created most groups made products that worked. This led to a larger production size. ]]> 2019-10-23 12:42:00 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398726 zchernick https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398784 In most reflections, the group members stated that specialization would help the product as people could focus on the smaller tasks of making the paper airplane and fortune teller, to make a better product as a whole. ]]> 2019-10-23 12:42:06 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398784 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398834 The data shows that opportunity cost remains a concept that many people in the class don't understand, including myself. ]]> 2019-10-23 12:42:10 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398834 sbernstein13 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398849 The data represents that in order to have the best outcome, specialization is helpful. In addition, it would be helpful to have prior knowledge of how to make a fortune teller or paper plane before doing the activity. ]]> 2019-10-23 12:42:11 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398849 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398970 The data in this activity demonstrates that dividing the work among a group will produce more products as opposed to each person doing everything. If one person does the first two steps of creating a product and the other person does the last two, more products will be created. More efficiency is present when the happens and leads to more products being created. Also, creating these products require skill as my group did not have this and we were unable to create any products and lead to us being unsuccessful.

]]> 2019-10-23 12:42:24 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401398970 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399095 The activity shows that people who are specialized in making a certain product are more valued than unskilled workers who needed time and energy to teach them how to make a certain product. The economy runs more efficiently when more people are specialized in a specific field.  

]]> 2019-10-23 12:42:38 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399095 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399251 Most groups said that specialization would help because it would allow for them to make more airplanes or fortune tellers. Additionally, I noticed that a lot of groups did not have prior knowledge of how to make airplanes or fortune tellers, which made producing them a lot harder.]]> 2019-10-23 12:42:57 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399251 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399266 This activity was able to demonstrate that specialization can help to improve the quality and productivity rate in the economy. It also shows that having a limited amount of resources, limits the amount of production that can be made. ]]> 2019-10-23 12:42:59 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399266 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399312 The harder it was for something to be produced, the fewer would be made. The lower the quality, and the fewer profits are collected.]]> 2019-10-23 12:43:03 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401399312 mgonzalez145 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401400763 This data demonstrates that production is much more effective through specialization and dividing the work among partners. It allows those to produce the products which will have the greatest opportunity cost and therefore lead to a greater profit.]]> 2019-10-23 12:45:41 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401400763 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401403251 The data shows that specialization allows for products to be produced much quicker, but also at a higher quality, which would lead to higher sell rates for these products]]> 2019-10-23 12:49:27 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401403251 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401406202 The more difficult a product was for the employees to produce, the fewer they could make, the lower the quality, and the fewer profits they raked in. Specialization also appeared quite valued

]]> 2019-10-23 12:53:51 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401406202 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401441667 The data collected in this activity shows that quality as well as quantity increase when there is specialization. Being able to choose which item we were better at producing shows that in an economy whoever produces more and a better product has more growth. It also shows how effective it can be to divide work among people in a group and use that to produce more. Also, there can be a limited amount of product made if the resources are limited. ]]> 2019-10-23 13:46:19 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401441667 jkoenig13 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401508695 The data collected demonstrates that using specialization is beneficial because it helps improve the production rate. Specialization is important for the economy because when people know how to make one thing it will speed up the process of production. ]]> 2019-10-23 15:09:57 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401508695 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401510776 The data demonstrates that specialization is necessary for an economy because it will increase production as well as the rate of production. Additionally, specialization will allow for a greater quality of the good because there is more awareness about the product in general]]> 2019-10-23 15:12:44 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401510776 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401683440 The data shows that through specialization, the production of goods and services are far more effective because it is more efficient and valuable for different tasks to be handled by different people. Additionally, many of our products decreased opportunity cost, because there was no potential in most of our products since they were of 
poor quality.]]> 2019-10-23 19:13:19 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401683440 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401949143 This activity showed that specialization makes the production of various products to be created much more efficiently and quickly, as different people more specialized at different tasks are able to complete their specialized task faster. This is helpful in the economy because it allows for better quality products faster.]]> 2019-10-24 11:54:14 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/401949143 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/403703141 The data suggests that specialization will increase the efficiency and quality in which goods are produced. This is because it is much easier for each person to carry out a select few tasks in the production process rather taking part in the entire process. For instance, many individuals struggled with making a fortune teller during the activity since they were unfamiliar with all the steps needed, and this issue was mitigated when students divided up the steps among themselves. ]]> 2019-10-29 05:23:53 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/403703141 https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/403862448 This data shows that if specialization is implemented for the production of goods, the production process can be much more productive since people who are meant to complete a specialized task will be able to complete it more efficiently. The goods will also be of higher quality with specialization since the people involved in the production process have the necessary skills to create a high quality product.]]> 2019-10-29 13:47:17 UTC https://padlet.com/mmarkolovic/5rs19wbv70wh/wish/403862448