Lesson 9 - Government and the Economy
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Aim: To explore the government involvement in the economy |
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Today's task:
Read the text provided below (in 'links and resources') Take notes of the key points from each section using a 'wagon wheel' (provided) When you are finished, answer the lesson extension questions in 'Let's go deeper' (below) |
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1. How can government welfare payments have an impact on the market for goods and services?
2. Why might it be important for government to be involved in the regulation of wages and working conditions for employees? 3. What effect might environmental laws have on the costs experienced by businesses in managing waste from their production processes? |
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Think about all the different way the government influences our economy in Australia. How many can you name?
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