Wyoming
6th-8th Grades
State Standards
Financial Literacy – Production, Distribution, and Consumption
SS8.3.1: Identify and apply basic economic concepts (e.g., supply, demand, production, exchange and consumption, labor, wages, scarcity, prices, incentives, competition, and profits).
SS8.3.2: Compare and contrast how people organize for the production, distribution, and consumption of goods and services in various economic systems (e.g., characteristics of market, command, and mixed economies).
SS8.3.3: Describe the impact of technological advancements on production, distribution, and consumption.
SS8.3.4: Explain or illustrate how money is used by individuals, groups, and financial institutions.
SS8.3.5: Describe how values and beliefs influence individual, family, and business decisions (microeconomics).