Economics

Explain the concept of scarcity using a real example from your life where you could not have everything you wanted.

Read Doctrine and Covenants 104:17–18, then explain how accountability and stewardship relate to economic choices.

Identify one personal economic goal (earning, saving, purchasing, or giving) and explain the trade-offs required to pursue it.

Create a simple plan showing how money, time, or effort will be allocated toward that goal, including what will be given up.

Earn money or resources through legitimate work or service, then explain how effort, skill, and reliability affected the outcome.

Make a real purchasing or spending decision and explain the opportunity cost of your choice.

Participate in a voluntary exchange (trade, sale, or service-for-service) and explain why both sides benefited.

Set aside a portion of earned resources for saving or giving, and explain the incentive or principle behind your choice.

Explain how understanding trade-offs and incentives changed the way you think about money or work.

Describe how wise economic decisions strengthen families and communities and reflect gospel principles.