Identify and describe what goods and services are produced in different places and regions in Kentucky.
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Predict how producers in colonial Kentucky used the factors of production to make goods, deliver services and earn profits.
Provide examples of each of the factors of production in Kentucky.
Explain how trade between people and groups can benefit Kentucky.
Analyze how incentives and opportunity costs impact decision making, using examples from Kentucky history.
Explain the role of producers, consumers, products and labor in economic markets.