Year 7 Economics and Business standard elaborations A B C D E The folio of a work has the following characteristics: student’s thorough description of the detailed description of the description of the identification of the statements about interdependence of interdependence of interdependence of interdependence of consumers and producers consumers and producers in consumers and producers in consumers and producers in consumers and producers in in the market the market the market the market the market thorough explanation of the detailed explanation of the explanation of the description of the statements about: importance of short- and importance of short- and importance of short- and importance of short- and planning for individual long-term planning to long-term planning to long-term planning to long-term planning to and business success individual and business individual and business individual and business individual and business strategies that may be success success success success used identification and identification and identification of different identification of strategies explanation of different description of different strategies that may be that may be used strategies that may be used strategies that may be used used understanding thorough description of the detailed description of the description of the identification of the statements about: and characteristics of successful characteristics of successful characteristics of characteristics of the characteristics of businesses businesses successful businesses successful businesses successful businesses thorough explanation of how detailed explanation of how explanation of how description of how how entrepreneurial entrepreneurial capabilities entrepreneurial capabilities entrepreneurial capabilities entrepreneurial capabilities capabilities contribute to contribute to this success contribute to this success contribute to this success contribute to this success Knowledge this success identification and identification and identification of reasons identification of aspects of statements about: explanation of reasons description of reasons individuals choose to work reasons individuals choose the reasons individuals individuals choose to work individuals choose to work to work description of the various choose to work thorough description of the detailed description of the sources of income that identification of the various sources of income various sources of income various sources of income exist sources of income that that exist that exist exist
Year 7 Economics and Business standard elaborations A B C D E The folio of a student’s work has the following characteristics: Knowledge and understanding thorough description of the interdependence of consumers and producers in the market detailed description of the interdependence of consumers and producers in the market description of the interdependence of consumers and producers in the market identification of the interdependence of consumers and producers in the market statements about consumers and producers in the market thorough explanation of the importance of short- and long-term planning to individual and business success identification and explanation of different strategies that may be used detailed explanation of the importance of short- and long-term planning to individual and business success identification and description of different strategies that may be used explanation of the importance of short- and long-term planning to individual and business success identification of different strategies that may be used description of the importance of short- and long-term planning to individual and business success identification of strategies that may be used statements about: planning for individual and business success strategies that may be used thorough description of the characteristics of successful businesses thorough explanation of how entrepreneurial capabilities contribute to this success detailed description of the characteristics of successful businesses detailed explanation of how entrepreneurial capabilities contribute to this success description of the characteristics of successful businesses explanation of how entrepreneurial capabilities contribute to this success identification of the characteristics of successful businesses description of how entrepreneurial capabilities contribute to this success statements about: the characteristics of successful businesses how entrepreneurial capabilities contribute to this success identification and explanation of reasons individuals choose to work thorough description of the various sources of income that exist identification and description of reasons individuals choose to work detailed description of the various sources of income that exist identification of reasons individuals choose to work description of the various sources of income that exist identification of aspects of reasons individuals choose to work identification of the various sources of income that exist statements about: the reasons individuals choose to work sources of income
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