Economics and Financial Literacy:
Learning Outcomes:
3.E.1 Understand how the location of regions affects activity in a market economy.
economics, market economy, consumer, producer, goods and services, needs and wants, interdependence, supply and demand, scarcity, trade, import, export, choice, opportunity cost, resources (natural resources, human resources, capital resources), income, interest earned, interest paid, money, entrepreneur,
3.E.1 Understand how the location of regions affects activity in a market economy.
- 3.E.1.1 Explain how location impacts supply and demand.
- 3.E.1.2 Explain how locations of regions and natural resources influence economic development (industries developed around natural resources, rivers and coastal towns).
- 3.E.2.1 Explain why people become entrepreneurs.
- 3.E.2.2 Give examples of entrepreneurship in various regions of our state.
economics, market economy, consumer, producer, goods and services, needs and wants, interdependence, supply and demand, scarcity, trade, import, export, choice, opportunity cost, resources (natural resources, human resources, capital resources), income, interest earned, interest paid, money, entrepreneur,
schoolhouse Rock: Money Rock
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Economy videos:
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