American History, 5th Grade Social Studies
Strand: Economics
Standard: Students develop an understanding of fundamental economic concepts as they apply to the interdependence and decision making of individuals, households, businesses, and governments in the United States and the world.
Fundamental Economic Concepts
Benchmark: E-1A-M9 using economic concepts to help explain historic and contemporary events and developments (1, 2, 3, 4)
GLE 19. Use economic concepts (e.g., supply and demand, scarcity, interdependence) to identify the economic motivations for European exploration and settlement in the Americas (E-1A-M9)