The rights and responsibilities of individuals and businesses in relation to consumer and financial products and services

Why opportunity cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants

The reasons businesses exist and how different types of businesses provide goods and services

Characteristics of entrepreneurs and how these influence the success of a business

The reasons individuals work, the types of work they are involved in, and how they may derive an income

Recognise and use variables to represent everyday formulas algebraically and substitute values into formulas to determine an unknown

Formulate algebraic expressions using constants, variables, operations and brackets