Grade 2 Social Studies

Standard 4: Economics

Content Standard 4: The student will understand basic economic concepts in the American economy.
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2.4.1
Explain the importance of supply and demand in the consumer and producer relationship.
2.4.2
Explain how barter and trade can lead to interdependence among communities.
2.4.3
Describe the connection between taxes and community services, including schools, sanitation and water, fire and police protection, parks and recreation, libraries, and roads.
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2.4.4
Describe how setting goals and creating a budget helps people pay for things they need and want.