ECONOMICSsaving and spending |
CONCEPTS:SS2E1 Explain that because of scarcity, people must make choices that result in opportunity costs.
SS2E2 Identify some ways in which goods and services are allocated (such as: price, majority rule, contests, force, sharing, lottery, authority, first-come-first-served, and personal characteristics). SS2E3 Explain that people usually use money to obtain the goods and services they want and explain how money makes trade easier than barter. SS2E4 Describe the costs and benefits of personal saving and spending choices.
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