Study Notes - POPULATION, EMPLOYMENT & CHANGE (inc. Economic Growth)
Economics- the study of how to use our limited resources (L, L C & E) wisely to help make society and individuals better off.
Land- natural gifts of nature
Labour- various intellectual talents as well as physical power provided by labour force
Capital- the money needed to produce
Entrepreneurship- the idea or ability to create the production, its people employed to think
There are two branches of economics:
Microeconomics: factors that influence smaller parts of the Australian economy.
Macroeconomics: looks at the whole nation; birds eye view of the economy for a country.
- Manual Metal Arc Welding (MMA) & Gas Metal Arc Welding (GMAW)
- Study Notes - POPULATION, EMPLOYMENT & CHANGE (inc. Economic Growth)
- Triumphs and Tragedies of the International Monetary Fund & World Bank
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