Explain that people make choices about what goods and services they buy because they can’t have everything they want. This requires individuals to prioritize their wants.
Create a list of goods or services they want given a set budget constraint, rank the goods and services from the most to the least desired, and justify their ranking.
Subject Area: Social Studies
Strand: Financial Literacy (Adopted in 2023)
Date Adopted or Revised: 06/14
Status: State Board Approved