SS5E2 Describe the functions of four major sectors in the U. S. economy. a. Describe the household function in providing resources and consuming goods and services. b. Describe the private business function in producing goods and services. c. Describe the bank function in providing checking accounts, savings accounts, and loans. d. Describe the government function in taxation and providing certain public goods and public services.
Students will describe how their roles as captain, engineer, two others will help the economy of their situation while understanding their functions and what services they can offer. This will help them to understand the role of government in providing services in the next lesson.