HUMANITIES REVISION

how money moves from producers to households and bac kagain in a loop

sellers in the market for resources

produce goods and services, which they sell to consumers for a price

takes funds from savers (through deposits) and lends them to those who risk to borrow

provides legal and social framework within which the economy operates

to undertake external activity that is outside the control of the domestic economy

a period when economic output declines

the economy is moving out of reccesion

condition or state in which economic forces are balanced

withdrawls from economy (form of saving, taxes)

intro of income into flow

the exchange or trade of goods & services between different nations

creating jobs and prosperity, opening opportunities for aussie businesses to expand

the process where a company or individual decides to focus their labour on a specific type of production

countries become better at making the product they specialise in

-machinery -vehicles -electrical machinery equipment

-iron ore -coal -petrol

-china -japan -united states

-china -japan -united states

process of interaction with companies and government worldwide

-access to new cultures -spread of technology -lower costs for production

-environment costs -labour drain -tax competition and avoidance

any corporations that is registered and operates in more than one country at a time

-very high assets and turnover -network branches -continued growth

-cash -property -shares

larger amounts of money can be invested in cash investments issued by state and federal governments

cash investments have little risk and consequently provide a modest return

an account that locks away and invest your money for a fixed period of time, between one month to five years

consistant income, tax advantages, rental income

lack of liquidity, difficult management

capital growth, dividends, liquidity, shareholder benefits

share prices can fall rapidly

a dishonest scheme (fraud)

-keep passwords in a safe place -keep pin numbers in safe place -careful how much info being shared on socail media

remote working was the most reported uptake of new technology from covid

a large naturally occuring community of flora and fauna occupying a major habitat

-desert -savannah -tropical -great barrier reef

-north america -southwestern US -mexico

38C (day) -3.9 (night)

-prickly pears -cactus -yuccas