Michigan Curriculum Framework: Content Standards and Benchmarks: Social Studies
Strand II. Geographic Perspective
Standard II.I Diversity of People, Places and Cultures
All students will describe, compare, and explain the locations and characteristics of places, cultures, and settlements.
Strand IV. Economic Perspective
Standard IV.4 Economic Systems
All students will explain how a free market economic system works, as well as other economic systems, to coordinate and facilitate the exchange, production, distribution, and consumption of goods and services.
Excerpted from: Michigan Curriculum Framework, Michigan Department of Education, 1996. For more information, contact the Office of Curriculum Development, Michigan Department of Education; 517-373-7248; http://cdp.mde.state.mi.us/MCF/default.html