Australia’s Economy Influenced By: Production Consumption Government Regulations

How is production affected Demand for product or service Marketing of the product of service Success of the product Wealth of consumers (target audience)

How is consumption affected Supply of the goods or service Consumer Trends (consumerism) Promotion

Government Regulations include:

Policies

Laws and Regulations

Australian Taxation Office

Multiple Choice Quiz Name one factor that can affect consumption of goods: Weather Demand If the shop stores it

Multiple Choice Quiz Cont’d Name One Factor that can affect demand of goods/services: Holidays Marketing Taxation of Goods