1.4
Oklahoma Social Studies Standards · 5th Grade
The student will describe the characteristics of the American economic system.
Grade5th Grade
SubjectSocial Studies
Levelstrand
Child standards (4)
- 1.4.1Explain the costs and benefits of spending and saving in order to meet needs and wants.
- 1.4.2Describe ways people are paid for their labor and how goods and services are purchased using money and credit.
- 1.4.3Identify and explain the roles of consumers and producers in the American economy.
- 1.4.4Describe the role of banks in the community.