5.SS.10.B

Describe how the free enterprise system works in the United States.

Grade 5 · Texas Essential Knowledge and Skills (TEKS) · TEKS 2010

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Vocabulary
free enterprise systemUnited States
Skills
  • describe (how the free enterprise system works in the United States) #dok2
  • explain (the main features of the free enterprise system) #dok2
  • identify (examples of the free enterprise system in action) #dok1
  • compare (features of the free enterprise system with other economic systems) #dok2
  • analyze (the impact of the free enterprise system on citizens and businesses) #dok3
Learning Targets
  • I can identify features of the free enterprise system. #dok1
  • I can describe how the free enterprise system works in the United States. #dok2
  • I can explain the main ideas of the free enterprise system. #dok2
  • I can compare the free enterprise system to other economic systems. #dok2
  • I can analyze the effects of the free enterprise system on everyday life. #dok3
Big Ideas
  • The free enterprise system allows individuals and businesses to make economic decisions with limited government interference.
  • Economic freedom, competition, and private ownership are key features that shape how the free enterprise system operates in the United States.
Essential Questions
  • What is the free enterprise system and how does it work in the United States?
  • How does the free enterprise system affect the choices individuals and businesses make?
  • In what ways is the free enterprise system different from other economic systems?
  • What are the benefits and challenges of the free enterprise system for Americans?
  • How does competition help shape the free enterprise system?