Scarce goods and services are allocated in a market economy through the influence of prices on production and consumption decisions.
Standard detail
4.
Benchmark
Depth 1Parent ID: 495C5878871C44348EB4BE6119E0E6BCStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 4.
- List ID
- 4.
- Standard ID
- C7BAF2FEFF50461488276725662AF97E
- ASN identifier
- S2604742
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 495C5878871C44348EB4BE6119E0E6BC
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US