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DescriptorsHumanities and Social SciencesYear 7Knowledge and understandingEconomics and BusinessAC9HE7K03
AC9HE7K03: Year 7 Humanities and Social Sciences Content Descriptor – Economics and Business
AC9HE7K03 Year 7 Humanities and Social Sciences

AC9HE7K03 – 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

characteristics of entrepreneurs and how these influence the success of a business

Elaborations

  • identifying examples of entrepreneurs and the entrepreneurial knowledge and skills that they bring to their business, such as recognising opportunities, establishing a shared vision and making decisions about how the business is run
  • describing the characteristics of First Nations Australian entrepreneurs; for example, community-run companies such as the Gumatj Aboriginal Corporation and individuals such as Dean Foley and Tahnee Edwards, by asking questions such as “What is their story?”, “How did they achieve success?” and “What processes did they apply?”
  • analysing the influence of values on entrepreneurial decision-making; for example, identifying and taking advantage of an opportunity, negotiating with stakeholders, and complying with the law and regulations
  • combining knowledge, skills and attitudes demonstrated by entrepreneurs with observations of successful local businesses to explain factors that contribute to success, such as seeing and taking advantage of an opportunity or demonstrating initiative and innovation

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.