Castle 9

Georgia Standards of Excellence in Social Studies:

• SS3E1.a — Natural (land)
• SS3E1.b — Human (labor)
• SS3E1.c — Capital (capital goods)
• SS3E1.d — Entrepreneurship (risk-taking and combining natural, human, and capital resources in an attempt to make a profit)
• SS3E2 — Explain that governments provide certain types of goods and services in a market economy (schools, libraries, roads, police/fire protection, and military) and pay for these through taxes.
• SS3E3.a — Describe the interdependence of consumers and producers.
• SS3E3.b — Describe how goods and services are allocated by price in the marketplace.
• SS3E3.c — Explain that some goods are made locally, some elsewhere in the country, and some in other countries.
• SS3E3.d — Explain that most countries create their own currency for use as money.
• SS3E4 — Explain the concept of opportunity cost as it relates to making a saving or spending choice.

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