“It was a highly successful and exciting day with all companies making a profit”
This term, Year 5 has been learning about economic activity as part of the Humanities curriculum.
This involved planning and operating a business venture in small groups. Students created a simple business plan, then manufactured, marketed and sold their products at Market Day. They learnt how to keep financial records and about profit and loss.
This year there were four companies: The Stop Shop, The Lucky Duck, Very Berry and The Wooden Blacksmiths. Each company had a CEO, an accountant who paid the wages and kept the financial records and a marketing and resource manager. They had to get a start-up loan from the class ‘bank’ to pay their wages and purchase materials from the class ‘warehouse’ to make their products.
Students from the rest of the Primary School were the customers on Market Day. They exchanged a gold coin donation for $20 in ‘ACG currency,’ which they then used to go shopping. Products included stress balls, catapults, wooden chests, peg dolls, jewellery, edible slime, lemonade and a range of yummy baking.
“It was a highly successful and exciting day with all companies making a profit,” said teacher Sue Webster.
The class raised $152, which will be donated to Forest and Bird.