TEKS: Chapter 113. Social Studies See All Teacher Resources

113.43.c.10

(10) Economics. The student understands the distribution, characteristics, and interactions of the economic systems in the world. The student is expected to:

• (A) describe the forces that determine the distribution of goods and services in free enterprise, socialist, and communist economic systems;
• (B) classify where specific countries fall along the economic spectrum between free enterprise and communism;
• (C) compare the ways people satisfy their basic needs through the production of goods and services such as subsistence agriculture versus commercial agriculture or cottage industries versus commercial industries; and
• (D) compare global trade patterns over time and examine the implications of globalization, including outsourcing and free trade zones.