Economics and Business / Levels 5 and 6 / Resource Allocation and Making Choices
Content description
Identify types of resources (natural, human, capital) and explore the ways societies use them in order to satisfy the needs and wants of present and future generations
Elaborations
brainstorming resources that are used in their school and categorising them as natural (water, coal, oil), human (workers, business owners, designing, making, thinking) and capital (tools, machines, technologies)
listing the needs and wants of a local community and exploring the ways resources are allocated to meet these needs and wants
Code
VCEBR003
Curriculum resources and support
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