Social Studies Practice Detail - SS.SSP.7.4.1:
Explain how economic decisions affect the well-being of individuals, businesses, and society; evaluate alternative approaches or solutions to economic issues in terms of benefits and costs for different groups of people.

Social Studies Practice Detail - SS.SSP.7.4.2:
Identify examples of buyers and sellers in product, labor, and financial markets.

Social Studies Practice Detail - SS.SSP.7.4.3:
Describe the role that competition has in the determination of prices and wages; identify other factors that help to determine prices.

Social Studies Practice Detail - SS.SSP.7.4.4:
Examine the role of institutions such as joint stock companies, banks, and the government in the development of the United States economy before the Civil War.

Social Studies Practice Detail - SS.SSP.7.4.5:
Examine data on the state of employment, unemployment, inflation, total production, income, and economic growth in the economy.

Social Studies Practice Detail - SS.SSP.7.4.6:
Explain how government policies affected the economies in colonial and early United States history.