https://padlet.com/SerenityIStheBEST/EconomicVocabulary By Serenity James en-us 2019-03-15 13:55:12 UTC 2023-02-18 17:50:03 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/342863644 #Definition: Materials such as mineral, forests, water, and fertile land in nature that can be used for economic gain.

#Connection: Wood logs are a natural resource used by human to make fires, build houses, paper, weapons, and furniture.

]]> 2019-03-19 14:04:44 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/342863644 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343306628 #Definitions: Goods that are used in producing other goods.
#Connection: Machines are a capital good used to make goods and produce services.

]]> 2019-03-20 13:20:24 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343306628 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343307894 #Definition: The skills, knowledge, and experience possessed by and individual or population.
#Connection: Education contributes to human capital because it helps citizens learn, and that contributes to literacy rate and the economy.]]> 2019-03-20 13:22:34 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343307894 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343309277 #Definition: When a nation or individual concentrates it's productive efforts on a specific Item.

#Connection: South Africa specializes in the gold and mining industry and owns 50% of the worlds gold supply.]]> 2019-03-20 13:24:51 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343309277 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343545624 #Definition: The total value of goods and services provided in a country during one year.

#Connection: Being a butler contributes to GDP because this service makes up the country's total amount of money every year.]]> 2019-03-20 21:01:32 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343545624 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343548977 #Definition: A person who takes risks to organize and operate a business.

#Connection: This woman is an entrepreneur because she took risks to start her own cookie business and sell them to consumers all over her neighborhood.]]> 2019-03-20 21:14:20 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343548977 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343550076 #Definition: The action of buying and selling goods and services.

#Connection: This man is trading his old laptop for money.]]> 2019-03-20 21:18:50 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343550076 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343552352 #Definition: Bringing goods or services into a country abroad for sale.

#Connection: The United States get 365 million dollars worth of Oil imports every year.]]> 2019-03-20 21:28:46 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343552352 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343552743 #Definition: To send goods or services to another country for sale.

#Connection: The United States exports 3.5 million cars to Canada and Mexico every year.]]> 2019-03-20 21:30:31 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343552743 SerenityIStheBEST https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343561208 #Definition: A system of money generally used in a particular country.

#Connection: Countries have different currency and the currency exchange allows them to trade money with each other.]]> 2019-03-20 22:08:05 UTC https://padlet.com/SerenityIStheBEST/EconomicVocabulary/wish/343561208