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Related topic
Economics and business / Year 8 / Economics and Business Knowledge and Understanding
Curriculum content descriptions
The rights and responsibilities of consumers and businesses in Australia in terms of financial and economic decision-making (ACHEK029)
Elaborations
- distinguishing the difference between rights and responsibilities and creating a list of the rights and responsibilities of consumers and businesses
- investigating the ways the rights of consumers are protected through the law (for example, warranties, cooling off periods)
- identifying examples of how businesses are required by government to protect the safety of consumers (for example, mandatory and voluntary standards, product safety recalls)
- discussing different financial and economic decisions that consumers and businesses make
General capabilities
ScOT terms
Commercial law