Economic Understandings  
SS8E1 The student will give examples of the kinds of goods and services produced  
in Georgia in different historical periods.  
 
SS8E2 The student will explain the benefits of free trade.  
a. Describe how Georgians have engaged in trade in different historical time periods.  
b. Explain Georgia’s role in world trade today.  
 
SS8E3 The student will evaluate the influence of Georgia’s economic growth and  
development.  
a. Define profit and describe how profit is an incentive for entrepreneurs.  
b. Explain how entrepreneurs take risks to develop new goods and services to start a business.  
c. Evaluate the importance of entrepreneurs in Georgia who developed such enterprises as Coca-  
Cola, Delta Airlines, Georgia-Pacific, and Home Depot.  
SS8E4 The student will identify revenue sources and services provided by state and  
local governments.  
a. Trace sources of state revenue such as sales taxes, federal grants, personal income taxes, and  
property taxes.  
b. Explain the distribution of state revenue to provide services.  
c. Evaluate how choices are made given the limited revenues of state and local governments.  
 
SS8E5 The student will explain personal money management choices in terms of  
income, spending, credit, saving, and investing.