This week, we will be studying the economic system of Georgia. These are our standards:
SS8E1 Explain how the four transportation systems (road, air, water, and rail) of Georgia contribute to the development and growth of the state’s economy.
a. Evaluate the ways in which the Interstate Highway System, Hartsfield-Jackson International Airport, deepwater ports, and railroads interact to support the exchange of goods and services domestically and internationally.
b. Explain how the four transportation systems provide jobs for Georgians.
SS8E2 Evaluate the influence of Georgia-based businesses on the State’s economic growth and development.
a. 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 economic impact of various industries in Georgia including agricultural, entertainment, manufacturing, service, and technology.
SS8E3 Explain the principles of effective personal money management.
a. Explain that income is the starting point for personal financial management.
b. Describe the reasons for and the benefits of a household budget.
c. Describe the reasons for and the benefits of savings.
d. Describe the uses of debt and associated risks.