Consumers
Essentials required for a safe, stable and healthy life.
What are needs?
The peak of a business cycle where production, incomes and spending all rise.
What is a boom?
A business that is owned and operated by one person.
What is a sole trader?
16 is the magic number for Facebook and similar sites.
What is the minimum age Australian's can soon access social media?
Anthony Albanese
Who is Australia's Prime Minister?
Physical items sold in exchange for money.
What are services?
The quantity of a product that consumers are willing to purchase at a particular price at a particular time.
What is demand?
Person who has a business idea and takes the risk of starting and running a business.
What is an entrepreneur?
Set right in the heart of The Levee and connects High Street Maitland to the banks of the Hunter River and direct access to the Riverside Walk.
What is the Riverlink?
Labor and Liberal
What are the two main political parties in Australia?
The main Federal Government Agency protecting consumer rights.
What is the ACCC?
Exists in any situation where buyers and sellers come together to exchange goods and services.
What is a market?
Funds contributed by a business owner or investor.
What is equity?
A major Australian business that was hit by worker strikes in December 2024, leaving many shelves empty.
Who are Woolworths?
Peter Dutton
Who is the Leader of the Opposition?
Money borrowed to fund consumer purchases.
What is debt(loan)?
The Australian stock market where people can buy and sell shares.
What is the Australian Securities Exchange (ASX)?
Methods used by a business to inform, persuade, and remind customers about its products.
What is promotion?
4.1% and steady.
What is Australia's unemployment rate?
Jim Chalmers
Who is Australia's Treasurer?
Percentage of employees income saved for retirement.
What is superannuation?
The forces of supply and demand in determining the price and quantity of a good or service.
What is the price mechanism?
Statement of financial position showing assets, liabilities and equity of a business.
What is a balance sheet?
You can't go lower than $24.10.
What is Australia's minimum hourly wage?
Tanya Plibersek
Who is Australia's Minister for the Environment?