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By: Samantha & Kristy

By: Samantha & Kristy. What’s the price…THEN & NOW. A bowl of noodles from the canteen. What’s the price…THEN & NOW. A single bus trip at student price. What’s the price…THEN & NOW. Exercise book. Why do prices increase?. We have seen an increase of the cost of goods and services due to:

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By: Samantha & Kristy

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  1. By: Samantha & Kristy

  2. What’s the price…THEN & NOW A bowl of noodles from the canteen

  3. What’s the price…THEN & NOW A single bus trip at student price

  4. What’s the price…THEN & NOW Exercise book

  5. Why do prices increase? We have seen an increase of the cost of goods and services due to: • Inflation • Taxes (GST) • Spending power • How do all these factors affect the price of goods and services now? • What will it be like 10 years into the future?

  6. Government prints more to curb inflation, demands for goods increase Inflation occurs (average salary remains the same), and we need to borrow money Inflation & spending power Suppliers increase prices to meet demands, and companies increase prices to keep gross profit constant

  7. Taxes (GST) What are taxes for? When the government needs money to fund certain projects, they get this money by taxing people. • How? • Highest tax: Medium/large companies, wealthy citizens • Tax in the form of increasing prices of goods and services: Middle/lower class families

  8. THANK YOU http://www.123rf.com/photo_13599282_past-present-future-traffic-sign-on-a-sky-background.html http://www.dragoart.com/tuts/11463/1/1/how-to-draw-noodles.htm http://www.dragoart.com/tuts/10632/2/1/easy-step-by-step-drawing-instructions-for-how-to-draw-a-bus-for-kids.htm http://www.clker.com/clipart-15922.html http://www.foolproofmarketingstrategies.com/about/ http://www.dreamstime.com/stock-photography-cycle-arrows-image27257262 http://www.thaibizchina.com/thaibizchina/th/china-economic-business/index.php?SelectCOUNTY=471&PAGEN_1=7

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