AC9HE9K02 Year 9 Humanities and Social Sciences

Content descriptor how economic decision-making involves the interdependence of consumers, businesses, the financial sector and government

Elaborations

• • Elaboration explaining the interdependent nature of economic decision-making within local, national and global contexts; for example, consumers purchase goods and services, businesses organise production and distribution, and the financial sector facilitates investment
• • Elaboration examining how the nature of globalisation supports transnational corporations use supply chains to develop, produce and deliver a product or service, and explaining the advantages or disadvantages for businesses, workers and consumers
• • Elaboration analysing the implications of interdependence within the global economy for Australian consumers, workers and businesses; for example, costs of the product or service and impacts of disruption or changes to regulations in another country
• • Elaboration identifying examples and explaining how changes to a nation’s economic conditions affects other nations; for example, rising unemployment affects consumer demand in one country and impacts the exports of goods and services in another country