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Economics and Business 7-10Year 8

Knowledge and understanding

  1. AC9HE8K01 how markets influence decisions about the allocation of resources to the production of goods and services, and the effect of prices on these decisions
  2. AC9HE8K02 different ways that businesses adapt to opportunities in the market and respond to the changing nature of work
  3. AC9HE8K03 how First Nations Australian businesses and entrepreneurs develop opportunities in the market
  4. AC9HE8K04 the importance of Australia’s system of taxation and how this system affects decision-making by individuals and businesses
  5. AC9HE8K05 processes that individuals and/or businesses use to plan and budget to achieve short-term and long-term financial objectives

Sample Questions — Knowledge and understanding
Knowledge and understanding – Economics and Business 7-10 Year 8 | LessonForge