Activity 01
Simulation Game: Demand-Driven Market
Assign roles as consumers and producers with limited fake currency and product options. Run two rounds: consumers buy based on preferences, producers note sales and adjust stock for round two. Groups debrief on how choices shifted production.
Analyze how consumer preferences signal production priorities to businesses.
Facilitation TipDuring the Demand-Driven Market simulation, circulate to ask groups to articulate how their individual choices translated into collective demand signals.
What to look forPose the question: 'Imagine you are a business owner deciding whether to launch a new product. What specific actions would you take to understand what your potential customers want, and how would you use that information to guide your production decisions?' Encourage students to reference real Australian businesses.