I think that Commerce assist form the foundations youthful people need to make sound decisions on monetary, commerce, legal and service issues because it supply practical knowledge, skills, sympathetic and values.
Having information regarding these concepts and how to apply them is helpful for young adults to study early. "With changing times, the need to give young people a grip on money management has increased... More than a third of school students' work, and two-thirds of 15 to 19-year-olds earn up to $200 a week. Not all know how to handle that income" (Russell, 2004; Age). Furthermore, Commerce offers students with "and understanding of the relations between consumers, trade and governments in the in general economy" (Board of Studies, NSW, 2003). These are subjects that they may not unavoidably think regarding, even though they previously earning and spending currency.
If we analyzed then we come to know that Consumer Affairs Victoria (CAV) conducted investigation last year to find out how customer education is taught in Australia and abroad in order to assist design a program to get better financial literacy amongst teenagers. "Young Australians stand for a $4 billion a year profitable market. Through more spending power then preceding generations, youthful children and adolescents are increasingly the target group for different forms of marketing practices and commercial pressures" (CAV, 2004). It is significant that adolescent adults are conscious of their rights and farm duties as consumers because they are previously purchasing products such as mobile phones and cars that frequently comprise multifaceted contracts. A key finding from the research was that lots of students do not take delivery of consumer education at school.
I feel that Commerce education is generally delivering the right kind of educational experiences for the current generation. I do although agree that young adults would most definitely benefit if the curriculum added a more in-depth unit on financial literacy and consumer education. We are living in a constantly changing world and society must provide our children with education that will prepare them for a life of revelation. No doubt, this literature suggests that in the prospect "the curriculum will be justified in terms of its capacity to help children acquire skills for work and life" (Collins, 2002, pg 45). So the financial system and society of the future have to be taken into account when developing commerce prospectus.
The main concepts urbanized in the Economy and society thread include: Civics and communal organization, Citizenship, Economic organization and decision-making, Employment,