TEKS: Chapter 113. Social Studies See All Teacher Resources

113.18.b.10

(10) Economics. The student understands categories of economic activities and the data used to measure a society's economic level. The student is expected to:

• (A) define and give examples of agricultural, wholesale, retail, manufacturing (goods), and service industries;
• (B) describe levels of economic development of various societies using indicators such as life expectancy, gross domestic product (GDP), GDP per capita, and literacy; and
• (C) identify and describe the effects of government regulation and taxation on economic development and business planning.