The Four Factors of Production

Bellwork: How does a nation decide what and how much to produce?

Objective: students will identify and explain the four factors of production: land, labor, capital, and entrepreneurship.

 

Activity: Four Factors Powerpoint and Activity

 

Homework: Complete the first page of the handout titled "Cast Away Movie Guide" (see worksheets below) by doing research on Fred Smith, founder of FedEx, and answering the questions.

 

Absent? Take notes using the powerpoint below.