NCES.CE.E.1 - Understand economies, markets and the role economic factors play in making economic decisions.
NCES.CE.E.1.2
Civics & Economics
Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role (e.g., private property, free enterprise, circular flow, competition and profit motive, and allocation of resources via the price system).