Physical activity directed towards producing a good or service.

Mental effort directed towards producing a good or service.

Physical activity and or mental effort directed towards producing a good or service.

Doing nothing towards producing a good or service.

only financial

only financial and personal

only social and personal

Financial, social and personal

Wants are things people would like to have, such as a television, mobile phone or a bicycle

Wants are things people need to have, such as a ice cream, chocolate or a movie ticker

Needs are things people must have to get through the day, such as coffee.

Needs are things people must have to survive, such as a compass, rope and a rain coat.

Needs are things people must have to live, such as medical care, shelter, clothes and food

Barter is the using money and setting a price

Barter is the direct exchange of goods and services without using money

Barter is selling things cheaply

Medium of Exchange: People accept money in exchange for goods and services

Measure of Value:The value of a good or service can be measured with money.

Store of Value: Money can be saved and used in the future.

full-time work, part-time work, casual work and self-employed

full-time work, part-time work, and self-employed

self-employed and full-time work

full-time work, casual work and self-employed

A casual employee: has no guaranteed hours of work. usually works irregular hours. doesn't get paid sick or annual leave.

A casual employee: has guaranteed hours of work, usually works regular hours.

A casual employee: usually works irregular hours, does get paid sick or annual leave.

working part-time is defined as working between one and 34 hours per week, no entitlements are paid

working part-time is defined as working between one and 34 hours per week, entitlements are proportional

working part-time is defined as working over 38 hours per week, entitlements are paid in full