6 Key Economic & Business Concepts

The Concept of Scarcity is all about

The Circular Flow Model is about Consumers and ???

Inflation is about the general decrease of the price of goods and services.

How do you spell?

Your teacher has three children.

Who relies on Interdependence to run a Market Economy.

One of the concepts is Economic Performance and Living ...........................................

The concept of Making Choices is to do with:

I know a lot about the 6 key economics and business concepts.

Producers and consumers rely on each other.

GDP stands for

Australia specialises in the following industry:

As consumers our needs are met by paying for Goods and

Bringing goods and services into Australia is called?

What is the landform on the front of your text book.

Allocation of Markets is the way we distribute our ............................................ resources.

Making Choices can be about deciding what to have for lunch.

One factor of production is:

Why does Australia import cars now and not make them anymore?

One concept is : In (spell it)

Exporting means we send goods to other countries and get money in exchange.