Lucky dip
Households rely on _________ to produce goods/services for consumption and to earn an income.
businesses
Something produced for consumers that is tangible
a good
Something produced for consumers that is intangible
a service
In Australia, our government social security institution is called (begins with c)
Centrelink
A megacity has more than _____ residents?
10 million
When a government has money left over from a budget it's called
A surplus
What was the system of trading called before money existed
bartering
The four factors of production are
Land, Labour, Capital and enterprise
a term used to describe an area located outside cities and towns, such as farming or agricultural areas
rural
An imaginary line that runs around the middle of the Earth separating the Northern Hemisphere from the Southern Hemisphere.
Equator
What kind of liability do sole traders and partnerships have?
unlimited
A skill that someone had to provide goods or services to a consumer
specialisation
A bank
How many owners does a sole trader usually have?
1
A key concept in geography: the dynamic nature of all processes on Earth, whether slow or fast, small or large
Change
The point where supply and demand meet
Equilibrium
A subcontractor would normally have what kind of business structure?
A sole trader
a key concept in geography:
the level at which a geographical inquiry takes place – personal, local, regional, national or global
Scale
When a government spends more money in their budget than they have (when they have to borrow), it's called
A deficit
The gridlines that run vertically on a topographical map
Eastings
Pty Ltd stand for?
Proprietary limited
What kind of business structure can have unlimited shareholders?
Pubic company
What is the maximum number of share holders that a private company have?
50
Interconnection