Standard #: SS.7.E.1.5


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Assess how profits, incentives, and competition motivate individuals, households, and businesses in a free market economy.


Related Courses

Course Number1111 Course Title222
2106010: M/J Civics (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 and beyond (current))
2106016: M/J Civics & Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 and beyond (current))
2106020: M/J Civics, Advanced (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 and beyond (current))
2106026: M/J Civics, Advanced & Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 - 2023, 2023 and beyond (current))
2104030: M/J United States Economics Geography (Specifically in versions: 2014 - 2015, 2015 - 2019 (course terminated))
2104035: M/J United States Economics & Geography Advanced (Specifically in versions: 2014 - 2015, 2015 - 2019 (course terminated))
7821023: Access M/J Civics and Career Planning (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2019, 2019 - 2023, 2023 and beyond (current))
7821021: Access M/J Civics (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))


Related Access Points

Access Point Number Access Point Title
SS.7.E.1.AP.5 Identify that profit and incentives motivate people and businesses to work harder.


Related Resources

Lesson Plan

Name Description
Show Me the Money: Capitalism, Socialism, Communism

The lesson begins with students exploring the terms economic freedom and standard of living in a group discussion.  Students will complete graphic organizers about capitalism, socialism, and communism as they learn via a provided PowerPoint presentation.  Students will reflect in writing on the advantages of capitalism and the free market. 

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