https://padlet.com/jaymalhotra106/fgp6gfrfyotq Made with an aura of mystery en-us 2019-02-27 08:16:37 UTC 2019-04-09 12:49:56 UTC hello@padlet.com https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349569993 Systems is the key concept of this unit as it says in the description. “Social and natural systems rely on a state of equilibrium and are vulnerable to change from internal and external forces.”which connects directly to the learning objectives for example, understanding a business plan. The description is talking about change from internal forces and external forces. As, in a business plan the internal forces like employment and how much money is present in the company and external forces are resources electricity, fossil fuels, and labor]]> 2019-04-08 15:53:37 UTC https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349569993 https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349571934 Systems, because from my understanding of economic agents they are decision makers that make decisions on selling, buying and production in the economic system. In short, they basically run the system of the economy. For example, central banks are a main example of economic agents. The central bank helps pump money into the economy to keep it health and growing. They control the quantity of money in circulation. It is responsible for providing its nation’s economy with funds when commercial banks cannot cover a soppy shortage. In other words, they prevent the country’s backing system from failing. Hence, they are in control of the economic system.]]> 2019-04-08 15:57:00 UTC https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349571934 https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349574413 When you study the system of something, you learn about the function, conditions, purpose, and how everything is connected. Financial systems is a whole concept with many interconnected variables, as many things depend on each other. Understanding the system of a financial system would help us draw conclusions on how or why it works as it does, how everything is connected, the global interactions that benefit it etc. Ex. When economic agent such as a stock broker invests in something, they can impact the economy of the country/organization/themselves ]]> 2019-04-08 16:01:37 UTC https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349574413 https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349807268 The key concept that suits our unit well is systems as there are sets of interacting and independent components in economic agents. For example how they affect the economy of a country, or work on behalf of a person or company through all the connections of all the variables concerned. NGOs, organisations, and many other things that act as economic agents have a proper structure and system to them and it helps the society. Banks, for example, have a proper system on how to maintain and keep money and investments, along with how to deal with the individuals as well as make connections and act as a powerful tool in the economy of the country in a systematic and structural manner with interacting and independent components. 

]]> 2019-04-09 06:27:50 UTC https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349807268 https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349811616 In Individuals and Societies, systems are sets of interacting or interdependent components. Systems can help us in understanding the role of individuals within them. Therefore, system is the key concept for the unit, economic agents as this key concept will help us understand the role of economic agents in the economy. An example of economic agents are central banks. They manage the country's money, money supply, and interest rates making them have an impact on the country's economy. Therefore, they play a key role in the economy as economic agents.]]> 2019-04-09 06:46:52 UTC https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349811616 https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349895890 The key concept systems and the relation to the unit
-  role of individuals within the environment/society . example - agents, financial ministers and more
- provide a structure and order in human, natural and built environments. Examples are structure - business plan, different organizations such as NGOs. 
- Financial system is a complete system which contains individuals within the society, is vulnerable to change from internal and external forces, and provides a structure and order in the economy of the country. ]]> 2019-04-09 12:41:27 UTC https://padlet.com/jaymalhotra106/fgp6gfrfyotq/wish/349895890