https://padlet.com/cjc11/jbb9hs948dzu en-us 2019-01-09 03:11:34 UTC 2025-04-01 18:17:57 UTC hello@padlet.com cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318634474 Communism is a political theory from Karl Marx where society as a whole are equal meaning all property is publicly owned and every person works and is paid according to their personal abilities and needs.
An example as such is North Korea, it follows communist ideas through dictatorship. ]]> 2019-01-09 03:28:23 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318634474 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318640838 Items varying from many things (goods or services) brought in abroad from another country.
An example is buying a car in Japan and bringing it to a place like Canada for it to be driven.]]> 2019-01-09 04:30:57 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318640838 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318642241 Sending goods or services to another country for sale and profit.
An example is Ecuador exporting bananas to countries like the US for profit and sale.]]> 2019-01-09 04:48:34 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318642241 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318642448 A tariff is a tax put on imports and exports. Governments have a reason to put tariffs on exports and imports as it gains revenue and protects domestic industries from competition.
Donald Trump recently put a tariff on steel and aluminum imports. ]]> 2019-01-09 04:51:18 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318642448 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318643919 (North American Free Trade Agreement) was an agreement between Canada, US, and Mexico liberalizing trade tariffs encouraging the exchange of resources through the three countries. 
Mexico exports corn to Canada while Canada exports automotive vehicles to Mexico.]]> 2019-01-09 05:08:35 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318643919 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318644386 Privatization is the transfer of ownership from public ownership to private ownership.
An example is Burger King going private even though they were a public company before.]]> 2019-01-09 05:15:56 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318644386 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318644846 A sweatshop is a term for a workplace that has very poor and socially unacceptable work conditions. Workplaces like these can be very dangerous and the workers are usually paid very little
A sweatshop in Bangladesh  called Rana Plaza collapsed in 2013 with a death toll of 1134. The manager of Rana Plaza was warned of the structural damage in the building but ignored it and made the garment workers in the factory work in very dangerous conditions.]]> 2019-01-09 05:23:18 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318644846 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318645638 Crown Corporations are enterprises owned by the Monarch of Canada.
An example of a crown corporation is Air Canada.]]> 2019-01-09 05:33:27 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318645638 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318646367 The state of having a shortage of resources.
South Africa is scarce in water at the moment.]]> 2019-01-09 05:40:13 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318646367 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318647109 The World Bank is an international organization committed to providing finance, advice and research towards developing countries for their one goal to aid their economic advancement.
The World Bank has a location in Afghanistan to help aid them.]]> 2019-01-09 05:49:23 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318647109 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318647618 The Bretton Woods Agreement was an agreement signed by all allied forces in World War II creating a new system of rules, regulations and procedures to help the major economies in the world ensure their economic stability. This also caused the creation of the International Monetary Fund (IMF) and the World Bank.

]]> 2019-01-09 05:57:50 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318647618 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318648055 The amount of goods, product or service available and the need of buyers for it.
The iPhone X drops in supply therefore the price goes up.
There is a big supply of Bananas in a grocery store so it is sold cheap causing buyers to buy more of it.]]> 2019-01-09 06:04:40 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318648055 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318648353 Economic Globalization is the global interdependence of world economies as a result of cross border trade of resources.
An iPhone is designed in California while it's created in China]]> 2019-01-09 06:09:03 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318648353 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318649302 The IMF is an international organization created to  help secure financial stability, aid international trade, promote employment and sustainable economic growth, and reduce poverty around the world.
The IMF have given loans to countries like Pakistan for financial aid.]]> 2019-01-09 06:18:35 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318649302 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318650176 The tertiary industry is the part of the economy that is responsible for services.
Services include sales services, doctors, tech support, grocery stores, etc.]]> 2019-01-09 06:26:44 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318650176 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318650483 The primary industry is the part of the economy that is responsible for providing natural resources and raw materials so it can then be changed into items for commodities for consumers.
An example of a Primary Industry is mines, agriculture, and forestry.]]> 2019-01-09 06:30:06 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318650483 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318650854 Fair trade is trade between companies in developed countries and producers where fair prices are paid to the producers.]]> 2019-01-09 06:34:43 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318650854 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318650981 A subsidy is a sum of money given by the government or a public body to assist an industry or business so the price of commodities created by the industry or business remain low for competition.]]> 2019-01-09 06:36:21 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318650981 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318651185 Outsourcing is obtaining goods or services from a foreign supplier.
An example is retail brands from the US hiring companies in countries like India to produce clothes so they can sell it for cheap back home.]]> 2019-01-09 06:39:12 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318651185 cjc11 https://padlet.com/cjc11/jbb9hs948dzu/wish/318651513 Protectionism is the practice of protecting a countries domestic industries from competition in other countries by putting taxes on its products.]]> 2019-01-09 06:42:42 UTC https://padlet.com/cjc11/jbb9hs948dzu/wish/318651513