WEEK 4

Consumers and Business

The role of business in the economy

You will learn about:

• Efficiency and the production process
  •           productivity
  •           internal and external economies of scale
  •           diseconomies of scale
  

You will learn to:
Examine economic issues

• compare and contrast the ways that different economies deal with specific problems or issues

Apply economic skills

• identify bias in media items on economic issues affecting the local, state and national economies

Drivers of Globalisation