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The Pack contains associated resources for the learning experience, typically in the form of articles and videos. There is a teacher Pack (with only teacher information) and a student Pack (which contains only student information). As a teacher, you can toggle between both to see everything.
Here are the teacher pack items for The U.S. Economy:
Overview In this experience, students define the concept of economy. Then they explore some of the characteristics of a free enterprise system: producers and consumers, limited government control, private property, supply and demand, and opportunity cost. Next they examine causes of economic growth and explain an example. Finally, they analyze the scenario of a T-shirt printing business and identify economic concepts within the scenario. Estimated duration: 60-75 minutes. You may consider teaching this lesson over two sessions to give students time to absorb the concepts and formulate any questions that they have. Vocabulary words: Most of the economics terms are defined within the context of the lesson. Objectives
Suppose your friend has a new game that you really want. To get the game, you might:
Which of these choices would be an economic activity? The answer is all of them! Economic activities include choices people make about buying, selling, trading, earning, borrowing, and using resources.
In this lesson, you will learn about the U.S. economy and how people, businesses, and government take part in it.
Objectives
Based on the examples above, what do you think an economy includes? Use one example from the list to explain your thinking.
An economy is the way goods and services are produced and consumed. Everyone is involved in the economy both by producing goods or services and by consuming them.
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