https://padlet.com/bjschaeffer7/l4890e6srnq1 Economic examples such as GDP and Natural Resources. en-us 2019-03-15 13:46:03 UTC 2019-03-20 15:42:34 UTC hello@padlet.com bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/341756524 Natural resources are material and substances that occur in nature. An example of a natural resource is wheat. Cereal is made out of wheat. Wheat relates to me because I eat cereal every morning.]]> 2019-03-15 13:55:26 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/341756524 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/341763202 Specialization is when a country focuses on one or two goods to produce. For Example, Mexico specializes in agriculture such as soybeans and corn. This relates to me because Mexico imports these things to the U.S. where i live to eat these Goods.]]> 2019-03-15 14:08:47 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/341763202 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/341769201 Currency a system of money in general use in a particular country. The United States currency is the U.S. ollar. The United State's currency relates to me because I use the currency to buy goods an services within the U.S.]]> 2019-03-15 14:19:19 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/341769201 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343151911 GDP stands for Gross Domestic Product. GDP is how much money a country's economy makes from goods and services produced in one year. GDP relates to me because I contribute to the GDP of America by buying goods and services.]]> 2019-03-20 02:31:39 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343151911 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343153160 Capital goods are goods that are used to produce other goods or services.  This relates to me because many goods I consume are produced by capital goods.]]> 2019-03-20 02:40:57 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343153160 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343295476 Trade is a economic concept involving the buying and selling of goods and services. Trade relates to me because when I buy things from stores is it trading. The exchange of my dollar for a good or service.]]> 2019-03-20 13:01:11 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343295476 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343315661  An import is a good or service brought into one country from another. For Example, India could import technology such as computers from China. This relates to me because many Goods that I eat are imported from many countries.]]> 2019-03-20 13:35:25 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343315661 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343319392 An export is when goods produced in one country are shipped to another country for future sale or trade. This relates to me because my the United States exports many goods and I live in the U.S. ]]> 2019-03-20 13:41:38 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343319392 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343348080 Human Capital is the knowledge, experience and skills of an employee. This relates to me because I will have to have human capital to get a job.]]> 2019-03-20 14:25:39 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343348080 bjschaeffer7 https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343393150 Entrepreneurs are people who organize and operate businesses taking on financial risk. This relates to me because I am a entrepreneur that sells lemonade during the summer time.]]> 2019-03-20 15:36:00 UTC https://padlet.com/bjschaeffer7/l4890e6srnq1/wish/343393150