Economic Markets Flashcards
1
Q
Anywhere physical or non-physical goods are bought or sold
A
Definition of market
2
Q
Used most commonly by households. Includes brands like Coles, Woolworths, IGA and also includes the housing market.
A
Retail market
3
Q
Where shares of companies are bought on the ASX (Australian Securities Exchange).
A
Stock Market
4
Q
Where foreign currencies are bought or sold,
A
Foreign Exchange
5
Q
Where labour is offered and accepted in terms of people providing their skills and knowledge to different businesses.
A
Labour Market
