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Related topic
Economics and Business 7-10 / Year 8 / Knowledge and understanding
Curriculum content descriptions
different ways that businesses adapt to opportunities in the market and respond to the changing nature of work (AC9HE8K02)
Elaborations
- discussing how businesses identify needs, niches and gaps in established markets to guide the development of specific services or products to address these opportunities; for example, electric cars and solar power
- identifying where businesses have used technologies to streamline or gain efficiencies in existing business models; for example, ride share, food delivery applications and online retail
- explaining current influences on the ways people work; for example, technological change, outsourced labour in the global economy, rapid communication changes, casualisation of the workforce
- identifying and explaining changes to the workforce over time; for example, the jobs available, the way individuals or businesses value particular work, career length and human resource development, changing demography, corporate social responsibility, sustainability practices, changes to workplace laws
General capabilities
ScOT terms
Companies, Industries, Entrepreneurship, Production (Economics), Labour market, Working conditions