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Economics and Business 7-10 / Year 7 / Knowledge and understanding
Curriculum content descriptions
the reasons businesses exist and how different types of businesses provide goods and services (AC9HE7K02)
Elaborations
- identifying why businesses exist; for example, to produce goods and services, to make a profit, to provide employment, and investigating the different ways that goods and services are provided to people, such as through shopping centres, local markets, online, small independent stores and remote community stores
- identifying the features of different types of businesses, including sole proprietorship, partnership, cooperative, corporation, franchise and not-for-profit organisation
- investigating a business owned by First Nations Australians, exploring the types of goods and services offered and why this business was started
- identifying examples of different types of businesses that sell goods and/or services in the local community; for example, a sole proprietor operating a car yard, a partnership providing legal services or a corporation selling groceries through a chain of supermarkets
General capabilities