Factors of Production!
Presentation
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Easy
Amanda Fanelli
Used 171+ times
FREE Resource
9 Slides • 12 Questions
1
Factors of Production!
Land, Labor Capital (Human & Physical)
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Multiple Choice
Is this land, labor, or capital?
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Multiple Choice
Is this land, labor, or capital?
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Multiple Choice
Is this land, labor, or capital?
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Multiple Choice
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Let's start with land.
Raw materials/natural resources
Literally, the LAND on which you build a restaurant. A factory. A business.
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Open Ended
In this image, what is the LAND?
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Open Ended
In this image, what is the LAND?
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Labor
the actual work that goes into creating a good or service
Physical effort.
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Open Ended
In this image, what is the LABOR?
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Open Ended
In this image, what is the LABOR?
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Capital
Man Made TOOLS used to produce goods and services.
KNOWLEDGE and SKILLS acquired via education and experience that make it possible for humans to produce goods and services.
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Open Ended
In this image, what is the capital?
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Open Ended
In this image, what is the capital?
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Human Capital
The knowledge and skills people bring to the table.
Training, education, experience.
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Physical Capital
Tangible items used to make goods and services
TOOLS
Buildings
Computers/Machines
Money used for investment (Capital Contributions, for example)
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Multiple Select
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Multiple Select
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Entrepreneurship
The ideas to create new goods and services
The ideas needed to create existing goods and services in a better way.
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Factors of Production!
Land, Labor Capital (Human & Physical)
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