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Economics

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Economics
SS8E3a Define profit and describe how profit is an incentive for entrepreneurs.
SS8E3b Explain how entrepreneurs take risks to develop new goods and services to start a business.
SS8E3c Evaluate the importance of entrepreneurs in Georgia who developed such enterprises as Coca-Cola, Delta Airlines, Georgia-Pacific, and Home Depot.

SS8E5 The student will explain personal money management choices.

SS8G2a Explain how the four transportation systems interact to provide domestic and international goods to the people of Georgia.
SS8G2b Explain how the four transportation systems interact to provide producers and service providers in Georgia with national and international markets.
SS8G2c Explain how the four transportation systems provide jobs for Georgians.

SS8E2a Describe how Georgians have engaged in trade in different historical time periods.
SS8E2b Explain how the four transportation systems contribute to Georgia’s role in trade.

SS8H12a Evaluate the consequences of the end of the county unit system and reapportionment.

SS8H12c Analyze the impact of the rise of the two-party system in Georgia.

SS8H12b Describe the role of Jimmy Carter in Georgia as state senator, governor, president, and past president.

SS8H12d Evaluate the effect of the 1996 Olympic Games on Georgia.

SS8H12e Evaluate the importance of new immigrant communities to the growth and economy of Georgia

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WHAT IS PROFIT?
Profit is the amount of money earned after subtracting all of your expenses.
The economic system of capitalism involves the production and consumption of goods and services. Making a profit is the ultimate incentive (or reason)

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