Markets

• What are some examples of retail markets?

  City CBDs, suburban malls, local shopping centres, shopping strips, country towns, and online platforms
• How much did online shopping make up of all retail sales in 2019?

  1. 6% of all retail sales
• What is a significant retail market in Sydney?

  Westfield Parramatta
• What does the term 'labour' refer to in the market context?

  The supply and demand for labour based on employees and employers
• What are two important parts of the labour market?

  Unemployment rates and labour productivity rates
• How is the unemployment rate defined?

  It indicates the number of people looking for work compared to the participation rate
• What is the current unemployment rate in Australia?

  1. 1%
• What is the participation rate in Australia?

  67.0%
• What are some issues related to the labour market in Australia?

  The teacher and nurse shortage
• What does the financial market refer to?

  The marketplace where buyers and sellers exchange financial assets
• What is the market size of the finance industry in Australia as of 2023?

  $417.6 billion
• What percentage did the finance industry increase to in 2023?

  44.4%
• What are the main markets in Australia’s financial system?

  Credit market, stock market, bond market, foreign exchange market
• What role do banks and superannuation groups play in the financial market?

  They are part of the financial system that helps manage risks and increase capital
• What is the stock market?

  Where investors buy and sell shares of companies
• How do exchanges in the stock market typically operate?

  They are usually administered electronically between buyers and sellers
• Why do businesses sell stocks?

  To raise capital from investors
• What types of investors do companies look to sell their stocks to?

  Wealthy and uniform investors, as well as those seeking high income
• Which well-known businesses can investors purchase shares in?

  Apple, Tesla, Facebook, and Microsoft