6. Markets

In economics, what is a market?

• A physical place where people buy and sell.

• The goods and services which are bought or sold in an area.

• Anywhere where buyers and sellers exchange goods and services.

• The type of goods and services which are sold in a certain area.

What is a retail market?

• Goods are sold to consumers in shops, in special marketplaces and online.

• The buying of labour by employers who pay people working in full time, part time and casual jobs.

• Banks borrow money from savers and earn interest in return: also lend money and gain interest on loans.

• Companies sell shares to make money then pay dividends to shareholders.

What is a labour market?

• Goods are sold to consumers in shops, in special marketplaces and online.

• The buying of "work" by employers who pay people working in full time, part time and casual jobs.

• Banks borrow money from savers and earn interest in return: also lend money and gain interest on loans.

• Companies sell shares to make money then pay dividends to shareholders.

What is a stock market?

• Goods are sold to consumers in shops, in special marketplaces and online.

• The buying of "work" by employers who pay people working in full time, part time and casual jobs.

• Banks borrow money from savers and earn interest in return: also lend money and gain interest on loans.

• Companies sell shares to make money then pay dividends to shareholders.

What is a financial market?

• Goods are sold to consumers in shops, in special marketplaces and online.

• The buying of "work" by employers who pay people working in full time, part time and casual jobs.

• Banks borrow money from savers and earn interest in return: also lend money and gain interest on loans.

• Companies sell shares to make money then pay dividends to shareholders.

What is 'market regulation'?

• When the market can do what it wants.

• When the market imports and exports goods and services.

• When the market is just a regular market and not a supermarket.

• When there are certain rules saying what can and can't be done in the market.

Who would usually regulate the market in Australia?

• individual people

• the government

• big businesses

• small companies

Which market does the image show?

• labour market

• supermarket

• retail market

• housing market

What market is this?

• retail market

• farmers market

• labour market

• stock market

What is a way of explaining what is bought and sold on the stock market?

• goods and services

• small pieces of companies or businesses

• cows and sheep

• houses and the labour of builders