NCES.4.EC.1 - Understand how market economy impacts life in North Carolina.
- NCES.4.EC.1.1 - Understand the basic concepts of a market economy: price, supply, demand, scarcity, productivity and entrepreneurship.
- NCES.4.EC.1.2 - Understand how scarcity and choice in a market economy impacts business decisions.
- NCES.4.EC.1.3 - Analyze the historical and contemporary role that major North Carolina industries have played in the state, nation and world.
- NCES.4.EC.1.4 - Explain the impact of entrepreneurship on the economy of North Carolina.