The student understands the value of work. The student is expected to:
Economics
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Describe the components of various jobs and the characteristics of a job well performed;
Describe how specialized jobs contribute to the production of goods and services.
The student understands how families meet basic human needs. The student is expected to:
Describe ways that families meet basic human needs;
Describe similarities and differences in ways families meet basic human needs.
The student understands the concepts of goods and services. The student is expected to:
Identify examples of goods and services in the home, school, and community;
Identify ways people exchange goods and services;
Identify the role of markets in the exchange of goods and services.
The student understands the condition of not being able to have all the goods and services one wants. The student is expected to:
Identify examples of people wanting more than they can have;
Explain why wanting more than they can have requires that people make choices;
Identify examples of choices families make when buying goods and services.
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