https://padlet.com/csuhajda1/xprgeufed9au83i2 Define your assigned term in your own words and add a picture, video, etc to help explain en-us 2022-01-12 20:12:05 UTC 2024-07-15 17:18:59 UTC hello@padlet.com https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998602454 Inflation- when the price of goods and services increase overtime and the purchasing value of currency decreases ]]> 2022-01-18 17:49:29 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998602454 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998628380 Consumer - Someone who buys things or services for their own personal use.]]> 2022-01-18 18:00:15 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998628380 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998628730 My definition: The average price of what soemthing is being sold for in stores or online. 
Definition: the current price at which an asset or service can be bought or sold.]]> 2022-01-18 18:00:26 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998628730 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998630388 A period of economic decline when trade is reduced (fall in the GDP--market value of goods and services) ]]> 2022-01-18 18:01:07 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998630388 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998631096 The number of unemployed people as a percentage of the labor force ]]> 2022-01-18 18:01:25 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998631096 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998632163 Command Economy - An economic system where the government dictates and controls production, investments, and the prices of goods]]> 2022-01-18 18:01:52 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998632163 gdelandassery https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998632649
Equilibrium: A state in market-based economies where things like supply and demand are balanced. ]]> 2022-01-18 18:02:06 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998632649 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998633094 Supply quantifies the amount of goods that are avaliable to consumers.]]> 2022-01-18 18:02:18 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998633094 jeshanahan1 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998634847 How much consumers want to buy a product, and how much they are willing to pay for said product. For example, when price increases, demand to buy the product usually decreases (and vice versa).]]> 2022-01-18 18:03:02 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998634847 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998635722 Depression:
a major economic downturn or a period of long-term downturn in business activity in one or many economies
Several examples include high unemployment rates, poverty, bankruptcy, etc.]]> 2022-01-18 18:03:26 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998635722 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998637435  the demand for a good or service is greater than the availability of the good or service. ]]> 2022-01-18 18:04:10 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998637435 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998637547 Monetary Policy- The nations control over borrowing money and the interest rate payable for the short term when borrowing that money.]]> 2022-01-18 18:04:14 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998637547 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998638703 Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies on how individuals, businesses, government, and nations make choices about how to allocate resources.]]> 2022-01-18 18:04:43 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998638703 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998641034 When expenses exceed income (i.e., tax and other borrowed money), a budget deficit arises, which is normally calculated over a single financial year. Budget deficits are most commonly associated with governments, although they may also occur in organizations, corporations, and people.]]> 2022-01-18 18:05:42 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998641034 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998641903 Opportunity Cost: A sacrifice where a change/decision makes a way where  there's a more profitable outcome]]> 2022-01-18 18:06:05 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998641903 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998643790 The use of taxes and government spending that affects the economy. ]]> 2022-01-18 18:06:55 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998643790 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998645221 The total value of goods produced and services provided in a country in a period of time(year, etc)]]> 2022-01-18 18:07:31 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998645221 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998645223 national debt is the total amount of money a country's government owes to its creditors, creditors could be within the country or outside the country. ]]> 2022-01-18 18:07:31 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998645223 mcodeh11 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998647307 The people that work for an organization, industry, business, or economy. Can also be used to describe the Human Resources Department, which manages the workers]]> 2022-01-18 18:08:21 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998647307 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998652926 AKA the Feds, central bank that provides the country with safe, flexible, and stable finical system.]]> 2022-01-18 18:10:40 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998652926 https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998671121 an economy where decisions and activities of consumers impact on business ]]> 2022-01-18 18:18:47 UTC https://padlet.com/csuhajda1/xprgeufed9au83i2/wish/1998671121