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Conceptual Understanding
SS.K.ECO.9.b:
Goods are objects that can satisfy people’s needs and wants; services are activities that can satisfy people’s needs and wants.
Standards Finder
NYS Social Studies Framework
Kindergarten
Economic Systems
People have economic needs and wants. Goods and services can satisfy people’s wants. Scarcity is the condition of not being able to have all of the goods and services that a person wants or needs.
Goods are objects that can satisfy people’s needs and wants; services are activities that can satisfy people’s needs and wants.
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