Explain economic concepts of scarcity, price, opportunity costs, supply and demand, forms of economic utility created by business activities, distinguishing between economic goods and services, and explain the factors of production.
Standard detail
BMA-ENT-6.1
Element
Depth 2Parent ID: 4C0C53F9204248F4A0AFE4BEF1243515Standard set: Entrepreneurship (6.4161) (2022)
Original statement
Quick facts
- Statement code
- BMA-ENT-6.1
- Standard ID
- 24FA23BCD2174CF6B80FB6BFBA759036
- ASN identifier
- S21404201
- Subject
- CTAE (2013-)
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 4C0C53F9204248F4A0AFE4BEF12435156BD07FAFCE5E43B8A894472F1282820C
- Source document
- Georgia Standards of Excellence CTEA Business, Management and Administration (2022)