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Economy

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by

Kate Munday

on 28 May 2015

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Transcript of Economy

Economy
An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.
Do your parents have jobs
family income per year
THE END
Thankyou for watching by Callie and Blair the expert economics
economic trades
Do your parents have jobs
melbourne high school interview
Devonport Primary 5/6 Warren interview
A couple of years ago, the government changed the rules so that families on $150 000 a year or more wouldn’t be eligible to receive family payments. There were the predictable cries of ‘class warfare’, but there were also claims that $150 000 in Australia leaves you struggling to make ends meet. The Daily Telegraph found a couple on $150k who said “you can survive on $150,000 but you definitely aren’t doing well,” while in The Australian, a couple on $200 000 said “the government are making it bloody hard.”I don’t think most people have much of a sense of what the typical Australian’s income is. Research backs this up – low income earners tend to overestimate their own position in the income distribution, while high-income earners tend to underestimate theirs. In short, we all think we’re middle class.

Enrique- farmers full time
Lochie - shift worker retailer full time
Luke - tas freight part time
Yanek - art teacher part time center link full time
Jake - no working parents
Haylee - city council coles petrol station full time
Jack - becks, Burnie hospital full time
Tess - pfd, teacher full time
Flynn h - gardener, office in towel factory full time
Shanae - nurse, removalast full time
Liam - fertilizer, clothes shop full time
Alice - recce high, don railway part time
josh - unknown
Katania - yacht club, yard worker full time
Crispin - stay at home
Chelsea testing tagging full time
Phoebe - painter full time
Pleader - farmers full time
Katherine -
Blair - coles, painting manager - part time and full time
Callie - crowe howarth, spirit of tas full time
Casey - city council, bookkeeper full time
Blake - putuna east dev full time
Flynn C - no working parents
Naomi no working parents




Long-distance trade played a major role in the cultural, religious, and artistic exchanges that took place between the major centers of civilization in Europe and Asia during antiquity. Some of these trade routes had been in use for centuries, but by the beginning of the first century A.D., merchants, diplomats, and travelers could (in theory) cross the ancient world from Britain and Spain in the west to China and Japan in the east. The trade routes served principally to transfer raw materials, foodstuffs, and luxury goods from areas with surpluses to others where they were in short supply. Some areas had a monopoly on certain materials or goods. China, for example, supplied West Asia and the Mediterranean world with silk, while spices were obtained principally from South Asia. These goods were transported over vast distances— either by pack animals overland or by seagoing ships—along the Silk and Spice Routes, which were the main arteries of contact between the various ancient empires of the Old World. Another important trade route, known as the Incense Route, was controlled by the Arabs, who brought frankincense and myrrh by camel caravan from South Arabia.


Cities along these trade routes grew rich providing services to merchants and acting as international marketplaces. Some, like Palmyra and Petra on the fringes of the Syrian Desert, flourished mainly as centers of trade supplying merchant caravans and policing the trade routes. They also became cultural and artistic centers, where peoples of different ethnic and cultural backgrounds could meet and intermingle.



this is a video about trading but in a song

Africa are trading cocoa and gold Africa cant sell cotton due to government
Asia are trading rice rubber and steel
North America are trading beef cattle lumber and wheat
South America are trading bananas oil crude and coffee
Australia are trading aluminum coal and wool
Europe are trading cheese fish and shoes
Full transcript