Well-being

Happy Friday!

Economy (money)

Last lesson - our set of rules!

This classroom now has a set of rules.

These rules were created by all of us.

To make the rules work, each individual must

try their best to carry them out.

Starter activity

Money makes the world go around,the world go around,

the world go around…

Quick think - who pays for the electricity bill that runs through London’s

street-lamps?

Quick think - who will pay your MI5 wages?

Chain of economy

Citizens Government

Council

GovernmentHospitals

Schools

Police

Fire Brigade

Army

MI5

Quick think!

You have 30 seconds to choose three

objects that represent you.

Make sure they play a

major part in the make up of your identity.

BusinessTV industry

Banking

Music industry

Supermarkets

Clothes shops

Manufacturing

Quick think!

Have you or your

family done anything

for a charity or the

community recently?

Third sector

Charities

Voluntary work

NGO - (non-government

organisations)

Match the job to the sector

Government Business Charity

Hospitals

The UK economy system

The UK economic system is made of

three parts.

• The public sector - government• The private sector - business• The third sector - charity

Public sector

The public sector (or the state) is funded by society. Individuals pay money (taxes) to the government to make sure that there are services for citizens to use. Services such as hospitals (health care), police, schools (education), the army the fire brigade etc.

Private sector

The private sector is made up of businesses that

are trying to make profit, and are not controlled

by the state. Companies such Tesco, McDonald’s, Sainsbury’s, Nike, Microsoft etc.

Third sector

The third sector is made up of private companies

that are non-profit organisations. Any profit made

by third sector companies is used to help people

who need it in society. Charities such as Scope, The

Red Cross, Oxfam etc.