Tuesday 8 March 2011

Response to video 9/3/11

- Government tries to make consumers pleased and able to get their needs and wants (Obama stimulus packadge). Australia's is similar --> $900 for lower income earners, $600 for high income earners.
- increase of supply = more affordable
- scarcity of certain resources (AUS has a cheap scarcity of cheap & skilled labour)
- North Korea have limited resources as they only have few countries that will trade with them, Australia and America = BIG trade partners with many countries, they have lots to offer

1 comment:

  1. WoW you have done some really interesting research there.

    ReplyDelete