https://padlet.com/hearthehunt975/economyvocab Made with knowledge of a hero en-us 2019-03-18 13:15:10 UTC 2023-03-25 17:37:08 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Shakinghands.png hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342377915 A natural resource is a resource that can be found in nature, meaning it was made with the creation of Earth. This picture is one of the largest diamond mines in the world located in Russia.]]> 2019-03-18 13:22:23 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342377915 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342379682 A capital good is something made by humans to help other humans or businesses. This picture shows a robot that was built by workers at NASA to help with their work.]]> 2019-03-18 13:25:45 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342379682 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342379766 A human capital is the use of someone else's skills, knowledge, habits, personality attributes etc. in order to perform labor. This image shows a chef putting his culinary skills to use.]]> 2019-03-18 13:25:57 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342379766 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342379884 Specialization is when workers focus on specific jobs in their work in order to speed up the process and get goods out to the consumers more efficiently.
This picture shows and example of how Specialization works.]]> 2019-03-18 13:26:11 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342379884 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342380389 GDP is Gross Domestic Product and this means the amount of money a country makes within a year. This picture shows an example of how GDP is calculated and kept track of in countries.]]> 2019-03-18 13:27:03 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342380389 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342380518 An entrepreneur is a person who owns or runs a business. This picture shows a child in a suit at a desk on his computer which is normally the stereotype of what people see entrepreneurs as.]]> 2019-03-18 13:27:15 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342380518 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342380579 Trade is when you exchange a good for either money or a good of similar value. This picture shows a man trading in his car to another man for money.]]> 2019-03-18 13:27:22 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342380579 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342380611 An import is something or good that is brought in to a country or from somewhere from a foreign country or source. This picture shows a file being imported to a folder on someones computer.]]> 2019-03-18 13:27:26 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342380611 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342380977 An export is a good that is going outside of its home country to be traded. This picture shows crates that are, at often times, exported with a certain good inside of them.]]> 2019-03-18 13:28:04 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342380977 hearthehunt975 https://padlet.com/hearthehunt975/economyvocab/wish/342381222 Currency is what is used to pay for goods. This picture shows a bag of U.S dollars which is the currency in the U.S.]]> 2019-03-18 13:28:30 UTC https://padlet.com/hearthehunt975/economyvocab/wish/342381222