Factors of Production
Presentation
•
Social Studies
•
9th - 12th Grade
•
Hard
Joseph Anderson
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?
3
Multiple Choice
Is this land, labor, or capital?
4
Multiple Choice
Is this land, labor, or capital?
5
Multiple Choice
6
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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8
Open Ended
In this image, what is the LAND?
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Open Ended
In this image, what is the LAND?
10
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?
15
Open Ended
In this image, what is the capital?
16
Human Capital
The knowledge and skills people bring to the table.
Training, education, experience.
17
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
20
Entrepreneurship
The ideas to create new goods and services
The ideas needed to create existing goods and services in a better way.
21
Factors of Production!
Land, Labor Capital (Human & Physical)
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