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Year 7 · Humanities and Social Sciences · Knowledge and understanding

AC9HE7K02

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

The content description above is Australian Curriculum, Assessment and Reporting Authority (ACARA)’s own wording, reproduced unmodified from the Australian Curriculum v9.0, read in August 2026, and licensed CC BY 4.0.

© Australian Curriculum, Assessment and Reporting Authority (ACARA) 2010 to present, unless otherwise indicated. This material was downloaded from the Australian Curriculum website and was not modified. ACARA does not endorse this product and is not affiliated with it.

Taught alongside it

The rest of Knowledge and understanding in Year 7.

AC9HE7K01

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

AC9HE7K03

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

AC9HE7K04

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

AC9HE7K05

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

The same idea, year by year

Where AC9HE7K02 comes from and where it goes, for a student working below or above Year 7.

  1. Year 8AC9HE8K01how markets influence decisions about the allocation of resources to the production of goods and services, and the effect of prices on these decisions
  2. Year 8AC9HE8K02different ways that businesses adapt to opportunities in the market and respond to the changing nature of work
  3. Year 8AC9HE8K03how First Nations Australian businesses and entrepreneurs develop opportunities in the market
  4. Year 8AC9HE8K04the importance of Australia’s system of taxation and how this system affects decision-making by individuals and businesses
  5. Year 8AC9HE8K05processes that individuals and/or businesses use to plan and budget to achieve short-term and long-term financial objectives

Planning against AC9HE7K02?

Daily Work Pad reads codes like this one out of your forward plan and carries them onto your lessons and worksheets. The pilot is invite-only for now.