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Economics HASS Term 3 - Coggle Diagram

- - - - business around the world that are 1 franchise
      - McDanlads
    - - the process of working together
      - Woolworths + Caltex
    - - 2 or more people
      - Red Bull + GoPro
    - - a large company or companies
      - Apple
    - - a one person business
      - baker
- - - - the ideas
      - the owner of the business
    - - all the natural resources
      - tree
    - - machinery used to produce
      - Computer
    - - the employees
      - stocker
- - - - to protect them from business
      - Scams and buying illegal products
    - - to read the warning and instruction lables
      - to choose social responsible business and use products reasonably
      - Someone who chooses to do the positive thing with a product
    - - Legal
        
        the rules business have to follow
        
        have to have warning label on product
      - Social
        
        the stuff business do to have a good reputation
        
        using safe materials
      - so they can gave a good reputation
  - - - Target Market
        
        The people you are aiming your product at
        
        Kids
      - Demographics
        
        The section of population researched
        
        Research of Competition
      - Location
        
        the Beach
        
        Where your business is
      - Competition
        
        the other business making the same product
        
        MacDonald's and Hungry Jacks
- - - - Artificial intelligence is basically smart computers
      - people will lose there jobs and become lazy
    - - When business fire people in a factory to hire people in 3 world countries for cheaper
      - it makes it harder for workers to get jobs which effects the economy
  - - - advancements in tech
      - no work places
      - Working when you want
    - - changes in tech
      - easier to communicate
      - New ways we communicate
- - - - When companies rely on consumers and consumers rely on companies
    - - when you want one thing but you can only buy one
      - Pie or Sausage Roll
    - - the limited resources to unlimited needs and wants
      - water