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Economic Systems, Scarcity, and Global Consumers

6th Grade · Social Studies · US-CO-SS

10 lessons

Goal

Examine economic systems, scarcity, consumer behavior, business enterprise, and global trade in the Eastern Hemisphere.

10 lessons
0 of 10 done
  1. The Fundamental Economic Problem: Scarcity and ChoiceUp next
  2. Comparing Traditional, Command, Market, and Mixed EconomiesNot started yet
  3. Factors of Production: Land, Labor, Capital, and EntrepreneurshipNot started yet
  4. Supply, Demand, and Market Price DeterminationNot started yet
  5. The Role of Consumers in Modern Eastern Hemisphere MarketsYou are here
  6. How Businesses Operate: Revenue, Costs, and Profit IncentivesNot started yet
  7. International Trade: Specialization and Comparative AdvantageNot started yet
  8. Trade Barriers: Tariffs, Quotas, Embargoes, and Free Trade ZonesNot started yet
  9. Global Supply Chains and Economic InterdependenceNot started yet
  10. Responsible Consumerism, Budgeting, and Ethical Business PracticesNot started yet
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Learning standards covered

us-coSS.7.5.1Colorado Social Studies Standards · All ages

Investigate the role of consumers and businesses within the Eastern Hemisphere.