markets

Question 1

labour market

Answer 1

exchange: wokers exchange their knowledge+skills for money

income: workers get paid wages or salaries.

issue: workers can be treated unfairly- there are laws in australia to protect them.

Question 2

housing market

Answer 2

exchange: people spend money to buy or rent a home.

income: people can get money from charging rent or selling homes.

issue: some people cant afford a home.

Question 3

stock market

Answer 3

exchange: shares in companies are bought and sold.

income: people can sell shares for a pofit or recieve dividends

issue: its very hard to know how to do this

Question 4

foreign exchange

Answer 4

exchange: this is where people buy other currencies

income: you make mone by buying and then selling other currencies for a profit.

issue: its very hard to know how to do this.