factors of production background knowledge activity created by michelle woods siop-curriculum writer...
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Factors of Production
Background Knowledge Activity
Created by Michelle WoodsSIOP-Curriculum Writer
WCPSS
Define Production
productnoun
production Verb (action)
Factors of Production
land
labor
capital
entrepreneur
Factors of Production
land
forest
water
minerals
sunlight
air
Factors of Production
labor
Mental or physical activity in production
Factors of Production
Previous manufactured goods used to make other goods and services.
capital
Factors of Production
entrepreneurs
A person who starts a new business, introduces new products, and improves a process to make a profit.
Mark Zuckerberg
NAVEEN SELVADURAI
Maverick carterJennifer Hyman and
Jenny Fleiss
What are the factors of production?
Factors of Production
Land Labor Capital Entrepreneur
You Do It!
Choose 1 of these products, and with a partner list as many examples for each category you can.