NCSS THEME
Production, Distribution, and Consumption
Essential Understandings:
Students will understand that...
1. There are three main types of resources: natural, human, and capital.
2. People can obtain goods and services either through barter or through money exchange.
3. Producers and consumers need to make economic choices based on scarcity.
4. Resources are limited and valued based on scarcity.
Virginia Standards of Leaning:
History and Social Studies
National Fine Arts Standards
Production, Distribution, and Consumption
Essential Understandings:
Students will understand that...
1. There are three main types of resources: natural, human, and capital.
2. People can obtain goods and services either through barter or through money exchange.
3. Producers and consumers need to make economic choices based on scarcity.
4. Resources are limited and valued based on scarcity.
Virginia Standards of Leaning:
History and Social Studies
- 2.7 The student will describe natural resources (water, soil, wood, and coal), human resources (people at work), and capital resources (machines, tools, and buildings).
- 2.8 The student will distinguish between the use of barter and the use of money in the exchange for goods and services.
- 2.9 The student will explain that scarcity (limited resources) requires people to make choices about producing and consuming goods and services.
- 2.5 b) an animal’s habitat includes adequate food, water, shelter or cover, and space;
- 2.2 c) The student will clarify and explain words and ideas orally.
- 2.1 c) compare two whole numbers between 0 and 999, using symbols (>, <, or =)
National Fine Arts Standards
- Music Standard 1
- Theater Standard 2