USA National Standards for Concept "Economic Systems"
NATIONAL STANDARD 3 -
Students will understand that:
Different methods can be used to allocate goods and services. People acting individually or collectively must choose which methods to use to allocate different kinds of goods and services.
Students will be able to use this knowledge to:
Evaluate different methods of allocating goods and services, by comparing the benefits and costs of each method.
You can find additional online lessons on US Standard 3 from the Council for Economic Education Website.