The economy: learn the basics in 5 minutes
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.