Investigate how people can benefit themselves and others by developing special skills, strengths and goods.
Specialization, Trade and Interdependence
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Explain why people specialize in the production of goods and services.
Demonstrate ways trade can be used to obtain goods and services.
Explain how specialization, comparative advantage and competition influence the production and exchange of goods and services in an interdependent economy.
Explain how people use incentives and opportunity costs to inform economic decisions.
Identify places in communities that provide goods and services.