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Individual as producer, consumer
describe the functions of money and the need for exchange;
describe the functions of central banks, stock exchanges, commercial banks;
identify the factors affecting an individual’s choice of occupation (wage factors and non-wage factors);
describe likely changes in earnings over time for an individual;
describe the differences in earnings between different occupational groups (male/female; skilled/unskilled; private/public; agricultural/manufacturing/services);
describe trade unions and their role in an economy;
describe the benefits and disadvantages of specialisation for the individual;
analyse the different motives for spending, saving and borrowing;
discuss how and why different income groups have different expenditure patterns (spending, saving and borrowing).
Business & Economics Worksheets
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