ACHES024

Generate a range of alternatives in response to an observed economic or business issue or event, and evaluate the potential costs and benefits of each alternative

Elaborations

• examining the trade-offs involved in making choices about how to earn an income (for example, working as an employee or owning your own business) (Skills: Literacy, Critical and Creative Thinking, Personal and Social Capability, Ethical Understanding)
• identifying the costs and benefits associated with alternatives (for example, the costs and benefits of being an employee compared with being a business owner) (Skills: Literacy, Numeracy, Critical and Creative Thinking, Personal and Social Capability, Ethical Understanding)

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