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Grade 3
Economics and Financial Literacy
Economic Systems
17. Market Economy
17.2 Economic Choices
Master Economic Choices in Market Economies
You will learn how consumers and producers make smart economic decisions in market economies.
What You'll Learn
You learn how consumers and producers make economic choices daily
You discover how limited resources require careful decision making strategies
You understand how competition benefits consumers through better products
You explore connections between supply, demand, and market prices
What You'll Practice
1
You practice identifying economic choices in everyday market situations
2
You analyze how consumer decisions affect producer choices and prices
3
You evaluate the benefits of competition in market economy systems
Why This Matters
You will use economic choice skills throughout your life to make smart spending decisions and understand how markets work around you.
This Unit Includes
1 Video lesson
Learning resources
Skills
Economic Choices
Market Economy
Consumer Decisions
Supply Demand
Competition
GA Curriculum Aligned