- Consumerism: Causes And Consequences - Consumer Society - Gross Domestic Product (Gdp) - Happy Planet Index (Hpi) - Globalisation - Global Supply Chain - Imports & Exports (Use Examples Of Australia’S Top 10 Imports/Exports) - Balance Of Trade - Interdependence - Budgeting: Income, Expenditure And Revenue - Income Distribution Vs Wealth Distribution - Wealth Per Capita Vs Income Per Capita - Living Standards - Egalitarianism. Question 1) What Is The Difference Between Consumption And Consumerism? Question 2) What Are The Advantages Of Living In A Consumer Society? What Are The Disadvantages Or Harms? Question 3) Explain One Alternative To Consumerism That You Think Is Most Attainable In Australia. Is This An Alternative Culture/Value System You Have Envisioned, Or A Lifestyle That Individuals Can Practice And Advocate? Why Do You Consider It Attainable? Question 4) Consumerism Is Often Deeply Linked To Wealth. Is This A Good Reason To Hold Onto Consumerism? Why/Why Not? Question 5) Should We Try To Eliminate Consumerism Itself, Or Is It Enough To Just Reduce The Harm Of Consumerism As Much As Possible? How Might This Be Achieved? Globalisation - Australia’S Place In A Global Market Question 1) Identify 5 Of Australia’S Top Imports And Exports. Question 2) Explain How Globalisation Has Impacted Upon The Production Of Goods And Services In Australia. Choose A Country: Question 1) Analyse How Australia And Your Chosen Country Are Interdependent. Australian Wealth Distribution Question 1) Distinguish Between Wealth And Income Question 2) What Does Wealth Distribution Look Like In Australia? Use Examples From The Infographic Looking At Each State. Why Might The States Be Different? Question 3) How Does This Distribution Match With The Value Of A “Fair Go” In Australian Society? Global Wealth - Indicators Of Wealth Question 1) Explain Some Of The Indicators Of Wealth/Poverty By Providing An Example Of Each. Question 2) According To The Video On Global Wealth Distribution, Institutional Factors Are The Most Important Factors Linking To The Wealth Of A Country, Followed By Cultural And Geographical Factors. Is This The Case For Australia? Why/Why Not? Write A Paragraph Explaining Your Reasoning. Use Examples To Support Your Ideas. Global Wealth Distribution Question 1) Explain The Term Gross Domestic Product And How It Relates To A Country’S Wealth. Question 2) Using The Two Countries That You Have Studied, Critically Evaluate And Reflect Upon How Differing Gdps Around The World Impact On Living Standards. Egalitarianism Question 1) Why Is Gdp Often Not A Good Way To Measure A Country'S Wealth? Question 2) Define Egalitarianism Question 3) Discuss Strategies That Will Help To Close The Rising Inequality Gap Within Countries. Question 4) Justify, Using Examples And Case Studies From Countries, Whether You Think An Egalitarian Society Is Possible.

Consumption

The act of using goods and services.

Consumerism

A social and economic ideology that encourages the acquisition of goods and services in ever-increasing amounts.

Advantages of Consumer Society

Economic growth, innovation, variety of goods, and improved living standards.

Disadvantages of Consumer Society

Environmental degradation, overconsumption, social inequality, and materialism.

Minimalism

An alternative to consumerism promoting intentional living with less and prioritizing experiences over possessions.

Consumerism and Wealth

The problematic link between consumerism and wealth that perpetuates inequality and environmental harm.

Reducing Consumerism

A more feasible approach than complete elimination, involving sustainable practices and awareness of overconsumption.

Australia's Top Imports

Machinery, vehicles, electronics, petroleum, and pharmaceuticals.

Australia's Top Exports

Iron ore, coal, natural gas, gold, and agricultural products.

Globalisation's Impact on Australia

Increased competition, access to international markets, and reliance on global supply chains.

Interdependence Analysis

Australia's economic ties with countries like China influencing trade policies and market stability.

Wealth

The total value of assets owned.

Income

The flow of money received, typically from work or investments.

Wealth Distribution in Australia

Varies by state due to industry presence and economic opportunities, leading to disparities in living standards.

Fair Go Value

The principle of equal opportunity challenged by significant wealth inequality in Australia.

Wealth Indicator

GDP per capita, indicating wealth levels.

Poverty Indicator

Poverty rate, suggesting economic struggles.

Institutional Factors in Australia

Strong institutions, stable governance, and economic policies supporting high living standards.