My shiny wall by Julia Mae Bontigao Irie https://padlet.com/142523/uha471kxprcn Made with a wink and a smile en-us 2017-06-15 01:04:26 UTC 2017-06-19 04:12:13 UTC hello@padlet.com The Economic Way of Thinking 142523 https://padlet.com/142523/uha471kxprcn/wish/176791326 Scarcity is an important factor to consider when going into production. The lack of resource is what we should be careful with as it can easily run short due to growing needs and wants and other factors that affect scarcity. Right now the planet faces a crisis as fresh water across the world starts to run low to provide to a population that continues to double in numbers. It is suggested that companies should properly inform the public of how much water is being used in their production and bring it down to a minimum amount.

Article:
https://www.theguardian.com/environment/2016/feb/12/four-billion-people-face-severe-water-scarcity-new-research-finds  

]]> 2017-06-19 00:48:59 UTC https://padlet.com/142523/uha471kxprcn/wish/176791326 Economic Systems 142523 https://padlet.com/142523/uha471kxprcn/wish/176791683 There are a few types of different economic systems, one of them being the command economy in which the government decides for anything involved with the economy. An example of this would be China, the article shows statistics of the country’s growth during the year 2014 and the decision brainstorming of the leaders there deciding what would be best for the economy. 

Article: 
https://www.nytimes.com/2014/10/21/business/international/mixed-economic-signals-from-china.html ]]> 2017-06-19 00:54:31 UTC https://padlet.com/142523/uha471kxprcn/wish/176791683 Market Structures 142523 https://padlet.com/142523/uha471kxprcn/wish/176791778 As Netflix continues to grow Hollywood begin to fear a possible monopolist within the film industry. Due to the rumours of the “dying TV”  it may be that there will be no other substitutes to replace the missing spot in the film industry. Like real monopolists, this would allow in complete control of price from the lack of competition, however this is not likely as Netflix isn’t the only company to have a similar concept, while TVs continue to evolve and innovate instead of dying out completely, at least not anytime soon. 

Article: 
http://www.businessinsider.com/hollywood-fears-the-netflix-monopoly-2016-9 ]]> 2017-06-19 00:55:27 UTC https://padlet.com/142523/uha471kxprcn/wish/176791778 The Role of Labour 142523 https://padlet.com/142523/uha471kxprcn/wish/176791843 One of the factors that make up our labour forces are machines, ATMs, and anything technology related. One of our worries revolve around machines one day taking over our work and destroying all job opportunities. This article however shows that the majority of the labour force has only switched from dangerous low paying jobs to a more secure job that doesn’t require for us humans to do anything dangerous or work in hazardous conditions. 

Article: 
https://www.theguardian.com/business/2015/aug/17/technology-created-more-jobs-than-destroyed-140-years-data-census 
]]> 2017-06-19 00:56:29 UTC https://padlet.com/142523/uha471kxprcn/wish/176791843 Economic Indicators and Measurements 142523 https://padlet.com/142523/uha471kxprcn/wish/176791991 America shows obvious signs that it is hitting its peak in the business cycle as employment rate are raising closer to being full. When the economy has managed to hit its full potential or when real GDP is at its highest, that is when the peak is reached and enters the stage of recession as resources becomes scarce and businesses becomes less profitable from it. 

Article: 
https://www.nytimes.com/2017/05/05/upshot/were-getting-awfully-close-to-full-employment.html  

]]> 2017-06-19 00:59:02 UTC https://padlet.com/142523/uha471kxprcn/wish/176791991 Facing Economic Challenges 142523 https://padlet.com/142523/uha471kxprcn/wish/176792145 Unemployment describes a section of the labor force that doesn’t currently have a job, however this is not what the article states as the issue and instead states that the lack of workers as the main concern for Utah. Unemployment rate show that is has dropped to 3% during the time. 

Article: 
https://www.nytimes.com/2017/05/21/us/politics/utah-economy-jobs.html?rref=collection%2Ftimestopic%2FUnemployment&action=click&contentCollection=timestopics&region=stream&module=stream_unit&version=latest&contentPlacement=6&pgtype=collection ]]> 2017-06-19 01:01:26 UTC https://padlet.com/142523/uha471kxprcn/wish/176792145 Using Fiscal Policy 142523 https://padlet.com/142523/uha471kxprcn/wish/176792232 One of fiscal policy’s main goal is to keep the business cycle stable to fight off inflation or increase aggregate demand. To do this they control taxes and government spending in a different ways to achieve that goal. This article is an example of the usage of fiscal policy as Trump promises that cut in taxes and spendings on infrastructure will rise the growth of the country’s economy. 

Article: 
http://www.washingtonexaminer.com/imf-raises-growth-projections-for-us-on-prospects-of-trump-stimulus/article/2611980 ]]> 2017-06-19 01:02:41 UTC https://padlet.com/142523/uha471kxprcn/wish/176792232