Grade 3 Social Studies

Standard 4: Oklahoma Economy

Content Standard 4: The student will identify and describe basic economic activities creating prosperity in the state of Oklahoma.
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Compare differences among human, natural, and capital resources used to produce goods and services.
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Summarize how the factors of scarcity and surplus and the laws of supply and demand of natural and human resources require people to make choices about producing and consuming goods and services.
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Examine how the development of Oklahoma’s major economic activities have contributed to the growth of the state, including, mining and energy industry, agriculture, aviation, tourism, tribal enterprises, and military installations.