TeaCheese Achievement Standards Content Descriptors Blog About
Descriptors›Humanities and Social Sciences›Year 7›Knowledge and understanding›Economics and Business›AC9HE7K02
AC9HE7K02: Year 7 Humanities and Social Sciences Content Descriptor – Economics and Business
AC9HE7K02 Year 7 Humanities and Social Sciences

AC9HE7K02 – Year 7 Humanities and Social Sciences: Economics and Business

Strand
Knowledge and understanding
Substrand
Economics and Business

This Content Descriptor from Year 7 Humanities and Social Sciences provides the specific knowledge and skills students should learn. Use it to plan lessons, create learning sequences, and design assessments that align with the Australian Curriculum v9.

Content Descriptor

the reasons businesses exist and how different types of businesses provide goods and services

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

Achievement Standard This Supports

This Content Descriptor contributes to the following Achievement Standard:

Year 7 ASHASECOY7
Year 7 Humanities and Social Sciences Achievement Standard
By the end of Year 7, students describe how decisions are made to allocate limited resources to individuals and communities in an economy. They describe the reasons businesses exist and types of businesses, and identify how entrepreneurial characteristics contribute to the success of a business. They describe the reasons individuals choose to work, how they may derive an income and the types of work that exist. Students identify the rights and responsibilities of individuals and businesses in terms of products and services. Students develop questions to investigate an economic and business issue. They locate, select and organise data and information from sources. They interpret information and data to identify economic and business issues, trends or effects. They develop a response and identify potential costs and benefits. Students use economic and business knowledge, concepts, terms and sources to create descriptions and explanations.