NCES.2.EC.1 - Understand basic economic concepts.
- NCES.2.EC.1.1 - Give examples of ways in which businesses in the community meet the needs and wants of consumers.
- NCES.2.EC.1.2 - Explain the roles and impact producers and consumers have on the economy.
- NCES.2.EC.1.3 - Summarize the concept of supply and demand.
- NCES.2.EC.1.4 - Explain why people and countries around the world trade for goods and services.
- NCES.2.EC.1.5 - Explain how money is used for saving, spending, borrowing and giving.
- NCES.2.EC.1.6 - Summarize the role of financial institutions relative to savings.