Economics and Financial Literacy

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Understand basic economic concepts.
Give examples of ways in which businesses in the community meet the needs and wants of consumers.
Explain the roles and impact producers and consumers have on the economy.
Summarize the concept of supply and demand.
Explain why people and countries around the world trade for goods and services.
Explain how money is used for saving, spending, borrowing and giving.
Summarize the role of financial institutions relative to savings.

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