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← Economics and Business 7-10 – Year 7

Knowledge and understanding

  1. AC9HE7K01 – why opportunity cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants
  2. AC9HE7K02 – the reasons businesses exist and how different types of businesses provide goods and services
  3. AC9HE7K03 – characteristics of entrepreneurs and how these influence the success of a business
  4. AC9HE7K04 – the reasons individuals work, the types of work they are involved in, and how they may derive an income
  5. AC9HE7K05 – the rights and responsibilities of individuals and businesses in relation to consumer and financial products and services
Sample Questions — Knowledge and understanding
Knowledge and understanding – Economics and Business 7-10 Year 7 | LessonForge