all business activity and wealth creation in a specific area, town or community

independently owned companies that contribute to local employment and the local economy; they contain 0-49 employees

How can communities improve the local economy?

Citizenship

How does the local economy affect our lives?

How does taxation support the growth of the local economy?

How can shopping locally and sustainably help the local economy?

How have shopping habits transformed over time?

What drives a successful nighttime economy?

Using the example of sustainability, students consider the local economy and its impact on citizens and their local communities.

How can the local economy support sustainability?

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

all business activity and wealth creation in a specific area

independently owned companies that contribute to the local economy

money collected from citizens to fund public services

the number of people who have jobs in a community

Small businesses help sustain the local economy by creating jobs and keeping money circulating locally, while also contributing to public services through ...

they help fund public services through taxation

they only support international suppliers

they invest in local events and charities

Which of the following is NOT a way that small businesses contribute to the local economy?

provide local people with access to goods and financial support.

jobs, helping to reduce unemployment and improve economic stability.

help fund essential services like schools, healthcare and transport.

often reinvest in the community through sponsorships and events.

Match the start of the sentence with its ending.

only large businesses contribute to economic growth

small businesses create jobs and reinvest in the community

small businesses take away jobs from larger businesses

large businesses are the only ones that pay tax

Which statement best explains why small businesses are important to the local economy?

Order the words to make a name of a financial institution:

{{}} services such as healthcare, education and transport are essential for a strong local economy.

consumer habits shift and industries evolve

Which of the following is NOT a reason the local economy changes?

a major employer shuts down, leading to job losses

investment in transport links improves business access

public services receive funding to support workers

new businesses open, creating more job opportunities

The local government can support economic growth by investing in buildings and other {{}}.

the way money, businesses and jobs operate in an area

What is the best definition of the local economy?

helps businesses and workers access opportunities

support a productive and skilled workforce

Match the factors to their impact on the local economy.

This lesson was made for home learning during the pandemic.

How can communities improve the local economy?

Lesson outcome

Content guidance

This lesson was made for home learning during the pandemic.