Oklahoma Social Studies 3.C.4

Standard Cluster

Identify and describe basic economic activities creating prosperity for the state. Describe the features of a market economic system. Explain how citizens make their own decisions about what goods or services are produced, and what is purchased, using examples from the local community. Describe how the laws of supply and demand impact people's choices about producing and consuming goods and services. Examine how entrepreneurs have contributed to the state’s economy. Explain how labor (human effort), land (natural resources), and capital (tools, machinery, technology) are used to produce goods and services. Describe how notable Oklahoma entrepreneurs (e.g., Gordon and May Lillie, O.W. Gurley, Frank Philips, Tom and Judy Love, Bill Braum) used their labor, land, and capital to build businesses and make a difference in their communities and the state. Describe the importance of Oklahoma’s goods and services to the state’s economic growth. Explain how Oklahoma’s oil and gas discoveries (e.g., the Glenn Pool and Oklahoma City Oil Field), affected the economic well-being of many Oklahomans and continue to be a significant economic sector. Examine how the development of recent economic activities has contributed to the state’s economy, identifying examples of goods and services provided by local businesses and industries (e.g., commercial agriculture, manufacturing, tourism, Tribal enterprises, and military installations). Describe how the state’s economy is connected to national and international trade by identifying major exports originating from Oklahoma (e.g., oil, aircraft, beef, wheat).

Oklahoma Academic Standards for Social Studies (2026)