The Price of Choice: Scarcity and Markets · Microeconomics

Consumer Sovereignty

Analyzing the power of consumers to determine what goods and services are produced through their spending patterns.

Key Questions

  1. 1To what extent do businesses manipulate consumer choice through marketing?
  2. 2How does ethical consumption influence production methods?
  3. 3What are the consequences of a market driven entirely by consumer trends?

ACARA Content Descriptions

AC9HE9K02
Year: Year 9
Subject: Economics & Business
Unit: The Price of Choice: Scarcity and Markets
Period: Microeconomics

Suggested Methodologies

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