TERM 1 The economy and entrepreneurship


Unit 1 The history of money  Traditional societies  Bartering  Promissory notes  Coins  Paper money  Electronic banking  The role of money


Unit 2 Needs and wants  Basic needs of individuals, families, communities and countries


 Primary and secondary needs  Unlimited wants  Limited resources to satisfy needs and wants


Term 1 The economy


The economy and entrepreneurship


Entrepreneurship


Unit 3 Goods and services  Goods and services  Producers and consumers  Households as producers and consumers


 Using goods and services effectively


 Recycling and reusing goods and services


Unit 4 Businesses  Formal and informal businesses  Types of businesses that are formal and informal  Advantages and disadvantages of formal and informal businesses


 Role of formal and informal businesses as producers and consumers


 Effect of natural disasters and health epidemics on businesses


Term 1 The economy and entrepreneurship 7


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