1
This word means how healthy, happy and safe people are
Wellbeing
People who buy products or services are called...
Consumers
A business builds a new playground for children in the community. What type of benefit is this (1)?
Social
A bakery sells more bread and earns extra money. What benefit is this(1)?
Economic
A café hires five local teenagers after school. What benefit are received?
Social (for the teenagers)
Economic (for the teenagers)
This is when you carefully think about information before making a choice. Give an example
informed decision
A business cuts down hundreds of trees to build a new warehouse. The impact is..
Environmental
A supermarket starts selling reusable shopping bags that cost 10c instead of plastic ones that are free. What is the trade off?
Costs more money, but is better for the environment
A business has to pay workers and buy materials. These are called...
Costs
A business installs solar panels to reduce pollution. What benefit is this(1)? What cost is this(1)?
Environmental and economic
Ella buys a pair of runners from a sports shop. She is a...
Consumer
These resources can be replaced naturally, like sunlight and wind.
Renewables
The money a business has left after paying its expenses is called...
Profit
A bakery starts donating leftover bread to a local food bank every Friday. What kind of benefit is this?
Social benefit
A business earns $50,000 from selling products but spends $35,000 on wages, rent and materials. What is the money left over called?
Profit
This word means choosing one thing but giving up something else. Give an example.
trade-off
Only one internet company serves a town, so people have no other choice. This is an example of...
A monopoly
A business starts using wind power instead of coal. What type of resource are they are NOW using.
Wind/ Renewable
A company closes its local shop, leaving many workers without jobs. What type of cost is this (2)?
Social - workers cannot see each other
Economic - less money for workers and town
When one business controls almost all sales of a product and has little competition, it is called a...(give an example)
Monopoly
A toy company reads customer surveys before designing a new toy. This is an example of a...
informed decision
A business gives workers flexible hours so they can spend more time with their families. What type of benefit is this (1)?
Social benefit
A factory creates loud noise and fumes all night, making it hard for nearby families to sleep. What are the costs (2)?
Environmental (fumes)
Social (people get sleep disrupted)
A business chooses cheaper materials, but the products break easily. This is an example of a....
Trade off
A company pays workers very little and makes them work long hours to earn more money. This is an example of...
Exploitation