USH.SS.27.B | Texas Essential Knowledge and Skills (TEKS)

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free enterprise systemtechnological innovationapplicationmarketplacecell phonesinexpensive personal computersglobal positioning products

describe (how the free enterprise system drives technological innovation) #dok1
explain (the application of technological innovation in the marketplace) #dok2
analyze (the relationship between the free enterprise system and technological innovation) #dok3
evaluate (the impact of technological innovation on consumer products) #dok3

I can describe how the free enterprise system encourages new technologies. #dok1
I can list examples of innovative products, such as cell phones, personal computers, and GPS devices. #dok1
I can explain how consumer demands in a free enterprise system can lead to new technological products. #dok2
I can explain how technology is brought to market in a free enterprise economy. #dok2
I can analyze how competition in the marketplace drives companies to develop new products. #dok3
I can evaluate the effects of new technologies like cell phones and computers on society and the economy. #dok3

The free enterprise system fosters technological innovation by encouraging competition and rewarding creativity.
New technologies and products, such as cell phones, affordable personal computers, and GPS devices, emerge and spread through the mechanisms of the free market.

How does the free enterprise system promote technological innovation?
What factors influence whether a technological innovation will succeed in the marketplace?
How have products like cell phones, personal computers, and GPS devices changed American society and the economy?
What is the relationship between competition, innovation, and consumer choice in the free enterprise system?
How might technological innovation differ in other types of economic systems?