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Related topic
Humanities and social sciences / Year 6 / Knowledge and Understanding / Economics and business
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
ScOT terms
Industries, Companies, Electronic commerce, Production (Economics)