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Term 1 Lesson Plans - Primex

53 54 GRADE 6 Lesson PLAN 2 TERM 1 Learning Area: Economic and Management Sciences Context: Duration: 4 Weeks (8 HRS) Date completed: SKILLS Discussion Comparing Describe Identify Listening Present KNOWLEDGE AS 3: Concepts: Resources Services Flow of wages to households in exchange for labour Flow of money to business in exchange for goods & services Different flows of resources and services in the economic cycle AS 4: Concepts: Taxes Direct tax personal tax, company tax Indirect tax VAT and sin tax Property tax Income tax Types of taxes and how they influence consumers and businesses VALUES Respect Honesty Responsibility Rights LO 1: TH

55 Activity 1(a) The teacher further explains the concept of the economic cycle: The flow of goods and services and income/wages affects the households, the government and the …

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