Humanities and social sciences / Year 6 / Knowledge and Understanding / Economics and business

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Curriculum content descriptions

The reasons businesses exist and the different ways they provide goods and services (ACHASSK151)

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, remote community stores
  • explaining the difference between not-for-profit and for-profit businesses
  • distinguishing between businesses in the primary, secondary and tertiary industry sectors and discussing what they produce or provide (such as agriculture and mining; textiles and food; and information, tourism and telecommunications)
General capabilities
  • Critical and creative thinking Critical and creative thinking
  • Ethical understanding Ethical understanding
ScOT terms

Industries,  Companies,  Electronic commerce,  Production (Economics)

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