• Capital Resources: Capital resources are tools and equipment used to make goods and services.
• Consumers: Consumers are people who buy goods and services. Are you a consumer?
• Economic Wants: Economic wants are desires that can be satisfied by consuming a good, service or leisure activity.
• Entrepreneur: An entrepreneur is someone who takes the risk to develop a new product or start a new business.
• Goods and Services: Goods are object you can touch or hold, and services are actions one person does for someone else.
• Human Resources (Labor): Human resources are the people who work to produce goods and services.
• Income: The amount of money received in exchange for labor.
• Interdependence: Interdependence occurs when people or countries depend on someone else to provide the goods and services they consume.
• Interest: The money earned on our savings.
• Investing: In economics, investing occurs when people use money to purchase capital goods. In finance, investing occurs when people put money in long-term savings options like stocks and bonds.
• Market: A market exists whenever people buy and sell goods and services. Markets are where prices are determined.
• Natural Resources: Natural resources are materials found naturally and they are used in the production of goods and services. Examples are water, soil, minerals and sunshine.
• Opportunity Cost: When you make a decision, the most valuable alternative you give up is your opportunity cost.
• Price: The price is what people pay when they purchase a good or service.
• Producers: Producers are people who make goods or provide services.
• Productive resources: Productive resources are the natural, human and capital resources that are used to produce goods and services.
• Productivity: Labor productivity measures how many goods and services are produced per worker.
• Profit: Profit is the difference between the money people make when they produce and sell a good or service and all their costs of production.
• Saving: Saving is the part of a person’s income that is not spent for goods and services or used to pay taxes.
• Scarcity: Scarcity is the condition of not being able to have all of the goods and services that you want.
• Specialization: People specialize when they produce only some of the goods and services they consume, then trade with others to get more of the things they want.
• Supply and Demand: Producers supply goods and services. Consumers demand them. Prices in the market are determined by the interaction of supply and demand.
• Trade and Money: People trade (exchange) with each other to get the goods and services they want. To make trade easier, people use money.
• Trade-offs: Trade-offs means getting a little less of one thing in order to get a little more of another.
• CORRELATIONS TO THE OKLAHOMA ACADEMIC STANDARDS

Official Rules

• Each student may submit only one entry.
• The poster must be the original work of the student.
• Posters must be on a white background and 8 1/2″ X 11″ in size.
• Posters must be in color; markers, crayons, map pencils and paint are appropriate and encouraged.
• The economic or personal finance concept illustrated must printed on the poster and spelled correctly.
• Poster must accurately portray the economic or personal finance topic drawn.
• A student entry form must be taped to the back of the poster.
• Posters must be mailed to: Oklahoma Council on Economic Education, 100 N University Dr., Box 103, Edmond 73034 and postmarked by the date specified.
• All entries become the property of the Oklahoma Council on Economic Education and may be used for publicity purposes.
• A three-person panel will judge the posters, and the judges’ decisions are final.
• Division categories are Pre-K – 1st, 2nd & 3rd grades, 4th and 5th and  6-8. There will also be a Overall Oklahoma Academic Standard winner. Students with the winning poster in each category will be awarded a $50 prize. Note: Prizes are provided when sponsorship dollars are provided.
• 1st place winners and their teachers and families will be invited to the Financial Literacy Month Celebration to receive their prize and award from the Oklahoma State Treasurer. Note: Award presentation is held when sponsorship dollars are provided.
• The judging criteria will be based on Creativity (20%), Accuracy of Concept (40%) and Interpretation of Concept (40%).

Entry Forms

To download a copy of the Teacher and Student entry forms, CLICK HERE