Year 9 economics and civics recap

Innovation is the same as invention.

• TRUE

• FALSE

Innovation happens overnight, it doesn't require daily work.

• TRUE

• FALSE

What is Innovation?

• Short term goals in the business

• How many times a business has changed their product.

• A "new idea, creative thoughts, new imaginations in form of device or method".

• the exclusive and assignable legal right, given to the originator for a fixed number of years, to print, publish, perform, film, or record literary, artistic, or musical material.

Some examples of enterprising skills are....?

Which of the following may be considered a 'blue collar' job?

• Accountant

• Electrician

• Marketing Officer

• Plumber

Identify 3 forces that may contribute to evolving work places

Globalisation refers to...

• Businesses avoiding contact with overseas competitors

• Climate Change impact on jobs

• Expansion of business operations into other countries

• Expansion of business operations from one suburb into the next

How has COVID19 impacted work?

Which of the following are reasons for self-employment

• The freedom to make your own decisions and be your own boss

• Create their working life around their family and social life rather than the other way around. ​

• Work from home or from different locations

• Less focus on age/gender and a greater focus on skill/product/service

Provide 2 examples of different 'industries.'