Lesson 4 the positive contribution that large-scale organisations make to the economy.key
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Lesson 4 - The Positive contribution that large-scale organisations make to the economy
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Transcript of Lesson 4 the positive contribution that large-scale organisations make to the economy.key
Lesson 4 - The Positive contribution that large-scale organisations make to the economy
Question from lesson 3
Outcomes (What you need to know and be able to do)
• Using evidence evaluate the positive contribution of large-scale organisations make to the economy
What is an economy? The state of a country or region in terms of the production
and consumption of goods and services and the supply of money
Write down your 3 most valued material items
In brackets after the items write what company made the item.
Are those Companies LSOs?
Gross domestic product refers to the total monetary value of all goods and services produced in a country over one year.
In 2010, the ABS estimated that large businesses contributed 43.9 percent of GDP
Contribution to Economic growth
Contribution to employment
Large-scale organisations employ large numbers of people. Large businesses provide jobs for 2.7 million people, or 33 per cent of the private sector workforce.!
Why is employment important to the economy?
Contribution to exports
The balance of payments is a record of a country’s trade and financial transactions with the rest of the world.
A favourable BOP exists when there are more payments coming in than going out.
Large corporations are commonly large exporters. This results in payments coming in.
Contribution to research and development
Research and development refers to activities undertaken to: • improve existing products • create new products.
Of the $14.38 billion spent on R&D large businesses contributed $10 billion
! Stimulate infrastructure growth - Large organisations need facilities such as transport and communications systems, and electricity, gas and water supplies, and even meteorological services.
Contribution to infrastructure growth
GBE’s provide infrastructure services Australian Rail Track Corporation Limited
Exit Question
Brings foreign income to Australia
Explain how export earnings of an Australian Large-Scale organisation contribute to the Australian Economy
Creates employment Creates economic growthHelps balance of payments
