Supply and Demand
A place where goods and services and bought and sold
What is a market?
Someone that does or owns a combination of the other 3 factors of production
What is an entrepreneur?
A business owned and run by one person
What is a sole trader?
The ASX will show the daily top 5 of these
What are gains and declines?
£
What is the symbol for the European dollar?
The money a business has after paying all its costs
What is a profit?
Land, Labour, Capital and Enterprise
What are the 4 factors of production?
Intended to make a profit versus something one does for fun
What is the difference between a business and a hobby?
A stockbroker will charge you this (usually $15) so they can buy and sell shares on your behalf.
What is a stockbroker fee?
An individual or group who purchases good and services
What is a consumer?
The money a household takes home from a firm or workplace
What is an income?
A company owned by a small group of people, but not large enough where shares are sold to the public?
What is a private company?
Companies must do this to the public and their shareholders straight away if something important happens to their company, especially if it will effect their shareprice.
What is a company announcement?
There are limited resources meaning one has to pick and choose from a set of different options
What is scarcity?
What are Western Australia's main exports?
A person or business needs or receives one of these if they wish to register to do business in Australia. It is usually a unique 9 or 11 digits.
What is an ABN, ACN or ASIC
A regular payment of a company's profits distributed evenly to its shareholders.
What is a dividend?