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Topic: Market system operation 

Business Education

 Standard 43.  Understands the roles of marketing and the impact of marketing on the individual, business, and society
  Level IV (Grade 9-12)
   Benchmark 1.Understands how the market system operates as an independent, price-directed system of exchange that satisfies needs and wants
    Knowledge/skill statements
     1.Understands how the market system operates as an independent system of exchange that satisfies needs
     2.Understands how the market system operates as an independent system of exchange that satisfies wants
     3.Understands how the market system operates as a price-directed system of exchange that satisfies needs
     4.Understands how the market system operates as a price-directed system of exchange that satisfies wants