TEKS 7.12(B)
explain the impact of economic concepts within the free enterprise system such as supply and demand, profit, and world competition on the economy of Texas; and
Source: Texas Administrative Code §113.19 (Chapter 113) · Adopted 2022
Knowledge & Skills 7.12
Economics
The student understands the interdependence of the Texas economy with the United States and the world. The student is expected to:
Animated lesson for this standard — coming soon
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 7.12(B).
Other expectations under 7.12
- TEKS 7.12(A) explain the impact of national and international markets on the production of goods and services in Texas, including agriculture and oil and gas;
- TEKS 7.12(C) analyze the impact of significant industries in Texas such as aerospace, medical, and computer technologies on local, national, and international markets.