Unpacked Content
Knowledge
Students know:
- The economic system under which you operate will help determine which goods and services are produced, how they will be distributed and who will consume them.
Skills
Students are able to:
- Analyze and interpret charts, graphs, and tables to support assumptions.
Understanding
Students understand that:
- Within the various economic systems, several factors contribute to determining what is produced, where it is produced, and how items are distributed.
Vocabulary
- economic system
- consumer
- land
- labor
- capital
- good
- service
