OH.4. Economics: Students use economic reasoning skills and knowledge of major economic concepts, issues and systems in order to make informed choices as producers, consumers, savers, investors, workers and citizens in an interdependent world.
4.2. Grade Level Indicator: Production, Distribution and Consumption: Identify people who purchase goods and services as consumers and people who make goods or provide services as producers.
4.5. Grade Level Indicator: Markets: Identify different forms of money used over time, and recognize that money facilitates the purchase of goods, services and resources and enables savings.
4.6. Grade Level Indicator: Markets: Explain how the local community is an example of a market where buyers and sellers exchange goods and services.
4.B. Explain why entrepreneurship, capital goods, technology, specialization and division of labor are important in the production of goods and services.