USA National Standards for Concept "Spending"
National Standard Number: 5
Voluntary exchange occurs only when all participating parties expect to gain. This is true for trade among individuals or organizations within a nation, and usually among individuals or organizations in different nations.
Online lessons on US Standard 5 from the National Council on Economic Education Website.
National Standard Number: 11
Money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.
Online lessons on US Standard 11 from the National Council on Economic Education Website.
