About This LAP

Get the Goods on Goods and Services (Economic Goods and Services)
LAP-EC-010

Performance Indicator: EC:002
Curriculum Planning Level: Career-Sustaining (CS)

Curriculum Sequence:
Instructional Area: Economics
Performance Element: Understand fundamental economic concepts to obtain a foundation for employment in business.
Performance Indicators:
   Distinguish between economic goods and services (EC:002, LAP-EC-010) (CS)  (This LAP)
   Explain the concept of economic resources (EC:003, LAP-EC-014) (CS)
   Describe the concepts of economics and economic activities (EC:001, LAP-EC-006) (CS)
   Determine economic utilities created by business activities (EC:004, LAP-EC-013) (CS)
   Explain the principles of supply and demand (EC:005, LAP-EC-011) (CS)
   Describe the functions of prices in markets (EC:006, LAP-EC-012) (CS)

Course Guides Addressed:
Business and Marketing Essentials
High School of Business: Principles of Business (available to authorized HSB programs only)

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