What Is Enterprise? Exploring Business Types
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What Is Enterprise? Exploring Business Types
Year 7 Social Sciences Understanding Business and Innovation
What Do You Think?
What comes to mind when you hear the word 'enterprise'? Share your ideas with the class!
What Is an Enterprise?
An organisation that provides goods or services Aims to solve problems or meet people's needs and wants Creates jobs and contributes to the economy Can range from small local shops to large corporations
Role of Enterprises in Our Economy
Provide goods and services people need Create employment opportunities Generate income and wealth Drive innovation and new ideas Contribute to government revenue through taxes
Types of Enterprises
{"left":"Sole Trader - One person owns and runs the business\nPartnership - Two or more people share ownership","right":"Corporation - Large company owned by shareholders\nSocial Enterprise - Business focused on solving social problems"}
Enterprise Sorting Game
Work in groups of 4-5 students Sort the Enterprise Cards into categories Discuss why you placed each card where you did Record one interesting fact about an impactful enterprise
First Nations Australian Enterprises
Traditional knowledge combined with modern business Cultural tourism and art enterprises Sustainable land management businesses Examples: Yiriman Project, Kimberley Land Council enterprises
Impacts of Enterprises on Society
{"left":"POSITIVE: Create jobs and reduce unemployment\nPOSITIVE: Provide essential goods and services\nPOSITIVE: Support community development","right":"NEGATIVE: May cause environmental damage\nNEGATIVE: Can create economic inequality\nNEGATIVE: Might exploit workers or resources"}
Impact Reflection
Individual writing task: Why are enterprises important to our community and economy? What is one way an enterprise can positively affect society? Share your thoughts with a partner
Key Takeaway
Enterprises are the backbone of our economy, creating jobs, providing goods and services, and driving innovation while also having the responsibility to consider their impact on society and the environment.