Supply and demand will be covered as well as looking at economic charts. We will also be discussing competition, global trade, and scarcity.
  • I can explain how people decide what to produce, how to produce and for whom to produce.
  • I can explain how specialization leads to global trade.
  • I can explain how supply, demand and competition interact to determine price.
  • I can explain how individual compare price and quality when selecting goods and services.
  • I can compare data on charts and graphs to make economic conclusions.
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