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Cost of Living

Cost of Living

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The department shall incorporate into the standards and model curriculum for financial literacy and entrepreneurship for grades nine through twelve academic content regarding free market capitalism. The academic content shall include all of the following concepts related to free market capitalism:

Standards
Defined by Ohio Academic Standards 9th-12th Grades and align with Cost of Living
ii: Individuals control their own ability to work, earn wages, and obtain skills to earn and increase wages.
iv: Markets aggregate the exchange of goods and services throughout the world. Market prices are the only way to convey so much constantly changing information about the supply of goods and services, and the demand for them, for consumers and producers to make informed economic decisions for themselves.