Economics and Business / Levels 5 and 6 / Consumer and Financial Literacy
Content description
Consider the effect that the consumer and financial decisions of individuals may have on themselves, their family, the broader community and the natural, economic and business environment
Elaborations
exploring how a decision to buy an item affects the family, for example, ‘Did the family have to put off buying another item to have this one?’ or 'Does what my family buys in the supermarket affect what businesses might sell or produce?'
explaining the benefits to themselves and their family of having savings and/or a strategy for saving
investigating whether buying at the local supermarket helps the local community
considering if their actions have an effect on the environment, for example, does choosing to use recycling shopping bags have an effect on the natural environment?
Code
VCEBC005
Curriculum resources and support
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