Understand how a market economy impacts life in North Carolina
Economics and Financial Literacy
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Understand the basic concepts of a market economy: price, supply, demand, scarcity, productivity and entrepreneurship.
Understand how scarcity and choice in a market economy impact business decisions.
Analyze the historical and contemporary role that major North Carolina industries have played in the state, nation and world
Explain the impact of entrepreneurship on the economy of North Carolina.
Understand the economic factors when making personal choices
Explain how personal financial decisions such as spending, saving and paying taxes can positively and/or negatively affect everyday life.
Explain how scarcity of personal financial resources affects the choices people make based on their wants and needs.
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