Title: Understand the fundamental concepts relevant to the development of a market economy.
Subject: Social Studies
This cluster includes the following benchmarks.
Related Access Points
This cluster includes the following access points.
Recognize factors that increase the economy, such as new resources, increased productivity, and technology.
Recognize basic characteristics of trade/barter (traditional) economies.
Identify economic concepts as they relate to early civilization, such as scarcity, supply and demand, and trade.
Recognize a factor that increases the economy, such as new resources, increased productivity, or technology.
Recognize a basic characteristic of trade/barter (traditional) economies.
Recognize economic concepts as they relate to early civilization, such as scarcity and trade.
Recognize a result of an increase in the production of goods, such as increased productivity.
Recognize that people can purchase or trade desired goods or services.
Recognize the meaning of economic terms, such as buy, sell, or exchange (trade).
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