Georgia Standards of Excellence
GA.SS.5. Fifth Grade - United States History Year 3: Industrialization to the Digital Age
SS5E. Economic Understandings
SS5E2. Describe the functions of four major sectors in the U. S. economy.
SS5E2.a. Describe the household function in providing resources and consuming goods and services.
SS5E2.b. Describe the private business function in producing goods and services.
SS5E2.d. Describe the government function in taxation and providing certain public goods and public services.
SS5E3. Describe how consumers and producers interact in the U. S. economy.
SS5E3.a. Describe how competition, markets, and prices influence consumer behavior.
GA.IPS.5. Information Processing Skills
IPS.5. Identify main idea, detail, sequence of events, and cause and effect in a social studies context
IPS.11. Draw conclusions and make generalizations