SS.4.FL.1.8 Income earned Describe Earning Income Social 4 Financial from working examples of Studies Literacy and most other sources of goods income are and services that taxed. Describe are paid for with ways that the taxes. revenue from these taxes is used to pay for government provided goods and services. SS.4.FL.2.1 Explain that Brainstorm a list Buying Goods Social 4 Financial economic wants of wants and then and Services Studies Literacy are desires that identify examples can be satisfied of goods, services, by consuming a or leisure good, a service, activities they can or a leisure buy to satisfy activity. each want. SS.4.FL.2.2 Explain that Create a list of Buying Goods Social 4 Financial people make goods or services and Services Studies Literacy choices about they want given a what goods and set budget services they buy constraint, rank because they the goods and have services from the can’t everything they most to the least want. This desired, and requires justify their individuals to ranking. prioritize their wants. SS.4.FL.2.3 Identify some of Explain why Buying Goods Social 4 Financial the ways that consumers with and Services Studies Literacy people spend a identical vacation portion of their budgets choose income on goods different options and services in when planning a order to increase weeklong their personal vacation. satisfaction or happiness. SS.4.FL.2.4 Discuss that Present an Buying Goods Social 4 Financial
SS.4.FL.1.8 Income earned from working and most other sources of income are taxed. Describe ways that the revenue from these taxes is used to pay for government provided goods and services. Describe examples of goods and services that are paid for with taxes. Earning Income Social Studies 4 Financial Literacy SS.4.FL.2.1 Explain that economic wants are desires that can be satisfied by consuming a good, a service, or a leisure activity. Brainstorm a list of wants and then identify examples of goods, services, or leisure activities they can buy to satisfy each want. Buying Goods and Services Social Studies 4 Financial Literacy SS.4.FL.2.2 Explain that people make choices about what goods and services they buy because they can’t have everything they want. This requires individuals to prioritize their wants. Create a list of goods or services they want given a set budget constraint, rank the goods and services from the most to the least desired, and justify their ranking. Buying Goods and Services Social Studies 4 Financial Literacy SS.4.FL.2.3 Identify some of the ways that people spend a portion of their income on goods and services in order to increase their personal satisfaction or happiness. Explain why consumers with identical vacation budgets choose different options when planning a weeklong vacation. Buying Goods and Services Social Studies 4 Financial Literacy SS.4.FL.2.4 Discuss that Present an Buying Goods Social 4 Financial
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