Economic, Social, Technological, and Ethical Influences (HSC SSCE Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Impact of expansion/peak on wages
Impact of expansion/peak on wages
Higher wages offered; stronger union bargaining power
Australia's services sector employment %
Australia's services sector employment %
86% of total employment
Manufacturing decline in Australia (GDP %)
Manufacturing decline in Australia (GDP %)
From 30% to 6% of GDP
Australians needing digital literacy training by 2025
Australians needing digital literacy training by 2025
6 million Australians
Part-time employment growth (1979 to 2012)
Part-time employment growth (1979 to 2012)
From 16% to 32% of workers
Casualisation growth (1992 to current)
Casualisation growth (1992 to current)
From 17% to 25% of workforce
Gig economy workers are classified as
Gig economy workers are classified as
Independent contractors, not employees
Corporate Social Responsibility (CSR) meaning
Corporate Social Responsibility (CSR) meaning
How businesses consider financial, environmental, social impacts
Triple bottom line components
Triple bottom line components
Financial, environmental, and social impacts
Labour costs as % of business costs
Labour costs as % of business costs
60% of business costs