Commerce

Consumer Choice and Quality of Life

A person’s quality of life includes our personal, social and economic well-being.

Australia has been ranked Number 2 in the world by the UN Human Development Index UN Human Development Index world rankings

How does our quality of life compare to other countries of the world? Discuss the data from the UN HDI and Newsweek Newsweek World\’s Best Countries infograph

What contributes to our quality of life? Visit the AusTrade site for measures on the quality of life Australian Quality of Life

Our Quality of Life is affected by our choices.  The main decisions we make which effect our quality of life include:

Personal decisions on health, family, learning, values and beliefs, friendships, responding to peer pressure, environmental decisions.

Commercial decisions as consumers, financial decisions including use of credit, savings, investment, employment decisions or setting up a business.

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