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How many people are in a small business
5-19
to identify the phase of the business cycle described. Unemployment is at its highest level.
Recession
Wages and salaries start to decrease. What stage of the business cycle is this in
Contraction
Employment opportunities are increasing. What point of the B cycle?
Expansion
What are Exports
Australian goods sold to overseas countries
What are Retail markets
• places where we buy most of our goods and services (shopping centres, shopping strips etc.) • includes online shopping, from Australian and international site
What are Stock markets
where stocks in public companies are bought and sold, raising money for expansion or Researh
What Type of Business is Kfc
Large TNC
What type of business size is Brent's dog grooming
Micro
definition of the term ‘globalisation’
(b) the process that sees people, goods, money and ideas moving around the world faster and more cheaply than before
Does Australia import or export the following: Doc Martens Boots
Import
Does Australia import or export the following: Doc Martens Boots
Import
Does Australia import or export the following: Doc Martens Boots
Import
How many people are needed for a medium business?
20-199
What is environmental degredation?
The deterioration of natural environment caused by things such as pollution and habitat destruction.
Explain the importance of the circular flow of income
It shows connections between the 5 different sectors of an economy: consumers, businesses, financial institutions, government, overseas sector.
