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Subject Area - 6:
Economics
  • Standard Area - 6.2: Markets and Economic Systems
  • Grade Level - 6.2.4: GRADE 4
Standard - 6.2.4.A

Explain how a product moves from production to consumption.

Standard - 6.2.4.B

Determine how sellers compete with one another.

Standard - 6.2.4.C

Differentiate between monetary and non-monetary incentives in advertising.

Standard - 6.2.4.D

Explain the role of buyers and sellers in determining prices of products.

Standard - 6.2.4.E

Explain why local businesses open and close.

Standard - 6.2.4.F

Describe the role of a private economic institution in the local community.

Standard - 6.2.4.G

Explain the three basic questions all economic systems must answer.

  •  What to produce?
  •  How?
  •  For whom?

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