Explaining economic growth terms

Year level: Upper secondary Learning outcomes Students define economic terminology associated with poverty alleviation. Devise a flow chart or concept map which explains the links/relationships between the following concepts: private sector economic growth production income expenditure savings credit loans profit standard of living business enterprises sustainable development micro-enterprise. Explain the meaning of the term 'private sector' to someone who has no knowledge of economics. List the sorts of commercial/business enterprises that you would expect to find in the private sector of any economy. Explain how the private sector in any economy is considered to be the 'engine' of economic growth. Assessment task Use one of the case studies 'Aid and the Chinese economy' or 'Livestock and livelihoods: escaping poverty in rural China' to give examples of these terms in action