Report prepared for
ACBE100: Academic Communication in Business and Economics
Lecturer: Mary Carley
How can we assist the most disadvantaged group in our community?
Prepared by Andy Lam
Student ID: LATSD1201
Due Week 12, Semester 2, 2012 Word Count:
Table of Contents:
This report is a major assessment task for ACBE100, a unit that is part of the Diploma courses at SIBT, semester 2, 2012. The general topic assign to our group is ‘How can we assist the most disadvantaged groups in our community?’ Each member in our team is responsible for a different aspect of the general topic. My specific aspect is about assisting the elderly in our community. The microeconomic principal I will apply is productive efficiency. In the report, I will first include a brief background of elderly group. Next I will be reviewing the current and future possible policies that the government supports elderly in Australia such as financial support, health care, housing support and etc. After I will mention the action community is taking. Follow by some recommendation. Finally, I will draw a conclusion with some personal opinion.
| Generally, a person who aged 65 or over are consider as a elderly
| Superannuation fund are arrangement which a person save up for their retirement during they are still working
| Productive Efficiency
| According to Barry Stadish, “Productive efficiency occurs when the economy is utilizing all of its resources efficiently.”
| Stadish, B
According to the Australian Bureau of Statistics (ABS), the number of elderly people in NSW has exceeded 1.02m in 2012. The trend of the population is rapidly increasing. This topic is interesting because aged is something everyone is going to experience. There is no escape. The...
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