economic markets Flashcards
retail/housing market
where houses can be bought and sold and hoses can be leased to a tenant for rent by a lanlord and households make most of their purchases at stores like coles, woolies and Kmart
stock market
where shares in Australian companies are bought and sold. buying shares means you have a share of the company and receive some of the profits.
labour market
where workers sell skills, knowledge and effort to employers for a wage
financial market/ foreign exchange
where different currencies are bought and sold. countries trade currencies to make payments in other countries
australian dollar is down against the japanese yen
foreign exchange
economic markets
anywhere physical or non-physical where goods and services are bought and sold there are a number of different types of markets
australia has introduced black friday sales to stimulate the market
retail market
australia has a skills shortage in plumbers and carpenters
labour market
sales figures in australia have fallan due to online shopping
retail market
the value of iron pre has dropped with the decrease in demand from china
foreign exchange
