Skip to main content
Hello,
Guest
Sign In
Home
Standards
View Standards
Vertical Viewer
Keyword Search
Browse Standards
Download PDFs
Educational Resources
Search
Content Providers
Featured Content
Vocabulary
Assessment
NYS Assessment Builder
Test Preparation
NYSED Resources
Community
My Navigator
My NYLearns
Teacher Tools
Support
User Manuals
Video Tutorials
FAQs
Assessment Updates
Subscription Information
Features
System Requirements
Blog
Performance Indicator
SS.E.4.1B:
Students explain how people's wants exceed their limited resources and that this condition defines scarcity.
Standards Finder
Previous Standards Versions
Elementary
Students will use a variety of intellectual skills to demonstrate their understanding of how the United States and other societies develop economic systems and associated institutions to allocate scarce resources, how major decision-making units function in the United States and other national economies, and how an economy solves the scarcity problem through market and non-market mechanisms.
The study of economics requires an understanding of major economic concepts and systems, the principles of economic decision making, and the interdependence of economies and economic systems throughout the world.
Students explain how people's wants exceed their limited resources and that this condition defines scarcity.
Data is Loading...
