What is the economy

What is the economy?

9 Economics and Business​

​Today we are going to learn the answer!

Try to remember as many of these words as you can

Open Ended

List 3 of the terms from the last slide and provide a definition if you know it. For example wages are payments made to workers for hours worked.

Multiple Choice

What does scare mean?

• insufficient for the demand

• A group of consumers and producers

• Never ending

Multiple Choice

The Australian Economy is considered

• Traditional

• Command-based

• Market-based

Multiple Choice

Which sector includes banks?

• Household Sector

• Firms/business sector

• Financial sector

• Government Sector

• Overseas sector

Multiple Select

Which sectors have interdependence on each other? A two way relationship?

• Financial sector

• Firms/business sector

• Financial sector

• Government Sector

• Overseas sector

Your Task

You now need to take notes on your workbook.

​

In your notebook

Draw a small icon to represent the sector

Summarise each sector in a sentence

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​https://wordwall.net/play/31581/707/422

​Draw this in your
Notebook- VERY NEATLY