full-time an employee who works 35 hours or more per week, or who works the minimum number of hours stipulated by the industrial award for that occupation or industry gig economy jobs that are particularly short term in nature. These include short-term contract positions, which are characterised by minimum wage and conditions. initiative the ýrst step or opening move in a series of actions innovation either adding a new product to an existing product line, or signiýcantly improving an existing product or process material living standards access to physical goods and services non-material living standards factors that affect a person’s quality of life regardless of income part-time an employee who works fewer than 35 hours per week Pay As You Go (PAYG) Pay As You Go tax system progressive income tax a tax system whereby the percentage of tax paid increases as income increases salary ýxed or regular payment for work completed or services performed seasonal an employee who usually works during a season, such as winter or the fruit-picking season speculator a person who invests in stocks, property or other ventures in the hope of achieving a proýt and a source of income standard of living quality of life as measured by the amount of money made by an individual or household (using income per capita or income per household) target market a market at which a product is deliberately aimed values things a person holds as being important; can affect the way you live and work wage payment for work completed or services performed, usually dependent on hours worked per week ormonth wellbeing an overall measure of quality of life work–life balance the division of one’s time and focus between working and family or leisure activities
17.9.3 Reþection Complete the following to reþect on your learning.
Revisit the inquiry questions posed in the Overview: Why do people work and what types of work can they do? Why is work so important to society? 1. Now that you have completed this topic, what is your view on the questions? Discuss with a partner. Has your learning in this topic changed your view? If so, how? 2. Write a paragraph in response to the inquiry questions, outlining your views.
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TOPIC17 Working for a living 619
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