The economy: learn the basics in 5 minutes

February 21, 2020

1. What is the ASX?

 

ASX stands for Australian Securities Exchange (not stock exchange like many people think).

 

How does it work?

 

The ASX provides a market for people to buy and sell shares in the companies listed on it. If the company does well, the investors (those who own shares) have a chance to make a profit.  In return the companies raise money to run and expand their business by selling the shares.

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