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.
RemarksCreate 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
Standard: Buying Goods and Services
Date Adopted or Revised: 06/14
Status: State Board Approved
This benchmark is part of these courses.
5021060: Social Studies Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023 (current), 2023 and beyond)
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