Social Studies Worksheets and Study Guides Fifth Grade. Economics

The resources above correspond to the standards listed below:

New Mexico Standards

NM.IV: Economics: Students understand basic economic principles and use economic reasoning skills to analyze the impact of economic systems (including the market economy) on individuals, families, businesses, communities, and governments. Students will:
4-A: Explain and describe how individuals, households, businesses, governments and societies make decisions, are influenced by incentives (economic as well as intrinsic) and the availability and use of scarce resources, and that their choices involve costs and varying ways of allocating:
4-A:1. Understand the impact of supply and demand on consumers and producers in a free-enterprise system;