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economics - Coggle Diagram
economics
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Australian trade
exports - iron ore, coal, natural gas, gold, education
imports - cars, refined petroleum, computers
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positive negatives - offshoring: job losses, modern slavery: people (children) forced to worked, Free trade: cheap goods
Globalisation
Positives of globalisation - creates jobs, makes companies more competitive, and lowers prices for consumers.
Negatives of globalisation - terrorism, job insecurity, currency fluctuation, and price instability.
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Scams
How to protect your self - research, be suspicious, ask a friend
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Innovation and business
Innovation - Doing something better or more efficient, new ideas, new products. eg - shipping, containers, Iphone