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  2. Texas Standards
  3. 118.4. Economics with Emphasis on the Free Enterprise System and Its Benefits, High School (One-Half Credit), Beginning with School Year 2011-2012.

TEKS: Chapter 118. Economics See All Teacher Resources

118.4.c.6

(6) Economics. The student understands the basic characteristics and benefits of a free enterprise system. The student is expected to:

  • (A) explain the basic characteristics of the U.S. free enterprise system, including private property, incentives, economic freedom, competition, and the limited role of government;
  • (B) explain the benefits of the U.S. free enterprise system, including individual freedom of consumers and producers, variety of goods, responsive prices, investment opportunities, and the creation of wealth;
  • (C) analyze recent changes in the basic characteristics of the U.S. economy; and
  • (D) analyze the costs and benefits of U.S. economic policies related to the economic goals of economic growth, stability, full employment, freedom, security, equity (equal opportunity versus equal outcome), and efficiency.

Substandards

TEKS.118.4.c.6.A
TEKS.118.4.c.6.B
TEKS.118.4.c.6.C
TEKS.118.4.c.6.D
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