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economics (economics and business concepts (economics performance and…

- - - - The housing market is where houses are bought and sold. Houses satisfy the basic need for shelter, and so most Australians desire the security of owning their own home. houses can be bought and then leased out to a tenant in exchange for rent. In this way, the owner of the property, also known as the landlord, can earn a profit.
    - - The labor market is where workers sell their skills, knowledge and effort to employers. In return for their labour, the employer will pay the workers a wage. This is how most people in our society earn an income
  - - - when a consumer purchases an environmentally unfriendly car from a producer, the consumer gets to enjoy the car while the producer earns a profit from the sale of the car. However, the pollution caused during the production and driving of the car is not paid for by the producer or consumer. Society as a whole pays for this transaction with their loss of clean air. When people other than the consumer or producer are affected by a transaction in this way, it is known as an externality
    - - the government has been collocating taxes from the public for public services and goods for thousands of years.Collect the taxes it needs from the areas of the economy that can afford to pay it is Australia's tax system goal tax revenue in Australia is in the form of income tax, which is taken directly from the money people earn from working, which is the main source of taxes
    - - The federal budget outlines what money the Australian government expects to receive and spend throughout the financial year
- - - - why are some people rich and others poor ?
        
        depends on things such as education and state of mind
      - why are some countries poor and others rich?
        
        depends on war, resources, bad government and colonialism
- - - - the world has been experiencing a dramatic change through communication with technology. For example, instant messaging and email has replaced traditional post and fax machines. One of the most important changes to impact the way we work is the introduction of ‘the cloud’. This allows people to save documents, contacts, photos or music to an online ‘cloud’ which can be accessed from any device, such as a phone, tablet or computer. It is expected communications technology will continue to develop and change in the future. This will influence the way we work for the better, by making communication between employers and employees easier and faster