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28 Cards in this Set
- Front
- Back
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Civil Law |
Minor disputes |
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Criminal law |
Protects individuals from others wrong doing |
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Example of civil law |
Law of torts- nuisance, neglience, definition and trespassing |
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Property Law |
Anything capable of being owned |
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Common law |
Laws made by judges based on past cases |
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Wants |
Something you desire |
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Need |
A requirement for survival |
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Complimentary wants |
An addition for a product to make it run or work properly |
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Goods |
Any tangible (hold) object |
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Services |
Action performed for you |
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When you are arrested |
- only be arrested if there is a warrant or reasonable cause to suspect you have broken the law - must be told your under arrest and what you charge was - must be told you don't have to say anything and any thing used said will be used as evidence - police can't fingerprint under 10 - don't have to say anything in interview - right to call parents and lawyer - if resis capsicun spray may be used - may be cuffed |
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Good interest |
Investing money in something that gives you positive incom back |
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Bad interest |
Investing money into something and losing money as a consequence |
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Land production |
Resource occuring in natural environment. E.g sun, plants, water and land |
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Labour production |
Physical and intellectual work |
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Capital |
Any human object used to make or provide things |
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Enterprise production |
Management organisation of funding of the production of a good or service |
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Credit card |
Banks money that you have to pay back later |
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Debit card |
Money from your account |
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Barter |
Exchange of services |
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Bargain |
A thing bought or offered for sale much more cheaper than usual |
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Opportunity cost |
Decision on which product you want |
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Part time |
Less the full working housr. Set days |
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Casual |
No guarantee hours |
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5$ |
Queen and parliament house |
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10$ |
Banjon paterson and Mary Gilmore |
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Cash less society |
No cash |
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Budget |
Plan of how much a person intends to earn and how they spend |
