2.4
Utah Social Studies Standards · 5th Grade
SECOND GRADE STRAND 4: ECONOMICS
Grade5th Grade
SubjectSocial Studies
Levelstrand
Child standards (5)
- 2.4.1Explain the benefits of personal savings.
- 2.4.2Explain how scarcity of resources and opportunity cost require people to make choices to satisfy wants and needs.
- 2.4.3Describe and compare a variety of services provided by local economic institutions, including businesses and non-profit organizations.
- 2.4.4Describe how people can be both producers and consumers of local goods and services.
- 2.4.5Identify the specialized work necessary to manufacture, transport, and market goods and services.