Markets

Who are the consumers of a business?

(a)  

Who are the producers in a business?

(a)  

Where buyers and sellers interact with one another to exchange things of value.

(a)  

Consumers will pay money to producers in return for (a)   .

An (a)   exists for anything that can be bought and sold.

Where workers sell their skills, knowledge and effort to employers.

(a)  

In return for their labour, the employer will pay the workers a (a)   .

Australia is known as the (a)   because wages for most professions are higher than in other parts of the world.

There are also laws that require employers to maintain (a)   for their employees.

The (a)   is where houses are bought and sold.