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How Incentives Shape Decisions Across the Global Economy

Business, Profits, and Economic Incentives

Kindergarten·Social Studies·US-IL-SS

Updated 1 month ago · 3 views

Analyze how international tariffs, tax credits, and subsidies motivate businesses and governments worldwide.

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Business, Profits, and Economic Incentives

Kindergarten · Social Studies · US-IL-SS

5 lessons

Goal

Explain how revenues, costs, and profits guide producer decisions, and discover how positive and negative incentives motivate buyers and sellers.

5 lessons

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Calculating Business Profit: Revenue Minus ExpensesUp next
How the Profit Motive Rewards and Guides SellersNot started yet
Positive Economic Incentives: Sales, Rewards, and WagesNot started yet
Negative Economic Incentives: Fines, Fees, and Price IncreasesNot started yet
How Incentives Shape Decisions Across the Global EconomyYou are here

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Learning standards covered

SS.EC.2.5Illinois Social Studies Standards · All ages

Discover how positive incentives (e.g. sale prices and earning money) and negative incentives influence behavior in our nation’s economy and around the world.