The Year 9 World of Business class toured the Haigh’s factory to learn about the resources available in an economy to create output and the way that businesses rely on those resources to make a profit. Consumers also rely on businesses for employment and product differentiation has a role in all our lives as our consumption can be responsible and also improve the quality of our lives. Concepts about productivity and profitability were also discussed and students were able to see how market forces of demand and supply shape process and output in markets. The best part of the trip was the delicious chocolate purchased and consumed!!
World of Business Teacher