SS10.7C.7

Social Studies (2010) Grade(s): 7 - 7th Grade: Civics

SS10.7C.7
Determine how people organize economic systems to address basic economic questions regarding which goods and services will be produced, how they will be distributed, and who will consume them.

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

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