TEKS 113.14(c)(6)(B)
define and identify examples of scarcity;
Source: Texas Administrative Code §113.14 (Chapter 113) · Adopted 2022
Knowledge & Skills 113.14(c)(6)
Economics
The student understands the concept of the free enterprise system and how businesses operate in the U.S. free enterprise system. The student is expected to:
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Shrutam is building free, screen-reader-friendly animated lessons for every TEKS standard. This page documents the standard text from the Texas Administrative Code so teachers, parents, and students can find exactly what students are expected to learn under TEKS 113.14(c)(6)(B).
Other expectations under 113.14(c)(6)
- TEKS 113.14(c)(6)(A) explain how supply and demand affect the price of a good or service;
- TEKS 113.14(c)(6)(C) explain how the cost of production and selling price affect profits; and
- TEKS 113.14(c)(6)(D) identify individuals, past and present, such as Henry Ford and Sam Walton who have started new businesses.