Grade 1 History · Economics
Virginia SOL 1.EC.1
Virginia SOL 1.EC.1 is part of the Economics strand in Grade 1 History (History). Under this Standards of Learning objective, students explain how individuals make economic choices to meet their basic needs. Below is what 1.EC.1 covers in plain language, the specific skills it is assessed on, the key concepts to review, and how to practice 1.EC.1 for the Virginia SOL test.
What SOL 1.EC.1 means
Explain how individuals make economic choices to meet their basic needs.
Skills you’ll practice for 1.EC.1
- Identify the difference between goods and services.
- Describe how people can be both consumers and producers.
- Describe ways people work to earn and save money to purchase goods and services.
- Describe goods produced and services provided in Virginia.
- Describe why people must make choices, prioritizing needs over wants.
Key concepts covered by 1.EC.1
- goods
- services
- economic concepts
- consumers
- producers
- economic roles
- earning money
- saving money
- purchasing
- economic choices
- Virginia goods
- Virginia services
- local economy
- needs
- wants
- prioritization
How to study and practice SOL 1.EC.1
Start with a quick diagnostic to see whether 1.EC.1 is already solid, then work each skill above with guided notes, flashcards, and SOL-style practice questions. For official released items, see our Virginia SOL practice tests guide and how to study for the SOL test.
Frequently asked questions about SOL 1.EC.1
What is Virginia SOL 1.EC.1?
SOL 1.EC.1 is a Grade 1 History Standard of Learning in the Economics strand. It expects students to explain how individuals make economic choices to meet their basic needs.
What skills does SOL 1.EC.1 cover?
SOL 1.EC.1 is assessed on 5 skills: identify the difference between goods and services; describe how people can be both consumers and producers; describe ways people work to earn and save money to purchase goods and services; describe goods produced and services provided in Virginia; describe why people must make choices, prioritizing needs over wants.
What strand of Grade 1 History is SOL 1.EC.1 in?
SOL 1.EC.1 belongs to the Economics reporting strand of the Grade 1 History Virginia Standards of Learning.
How do I study and practice for SOL 1.EC.1?
Start with a diagnostic to see whether 1.EC.1 is already solid, then work the 5 skills above with guided notes, flashcards, and SOL-style practice questions. For official released items, see the Virginia SOL practice tests guide.