For the first half of the 9 weeks we have been studying Economics.
We focused how we meet our wants/needs using resources to produce goods and services. We learned about opportunity costs and making choices because of scarcity. We focused on how America has a market economy and how businesses compete for our businesses using incentives. We learned about comparative advantages and how supply and demand affects prices of goods and services. Students also learned about production, distribution, and consumption.
We are moving forward to our Geography unit.
Chelsea Cloud
Corbin Elementary School
Corbin Independent School District
5th Grade
