Curipod placeholder

Name the four factors of production?

1
0

Curipod lesson about topic "lesson on the four factors of production"

Profile picture of dewald.alberts

dewald.alberts

Updated 3 months ago

1. Word cloud
120 seconds
Name the four factors of production?
2. Slide
60 seconds
Land: any naturally occurring resource used to create goods and services Labour: the physical and mental work used to produce goods and services Capital: money and other resources used to produce goods and services Enterprise: the decision-making skills and risk-taking qualities of entrepreneurs are essential for new business formation.
The Four Factors of Production
3. Slide
60 seconds
Land: Any naturally occurring resource used to create goods and services. Labour: The physical and mental work used to produce goods and services. Capital: Money and other resources used to produce goods and services.
Concepts:
4. Poll
60 seconds
What do you think is the most important factor of production?
  • Land
  • Labor
  • Capital
  • Entrepreneurship
5. Slide
60 seconds
The four factors of production are also known as inputs to production. In some cases, land can be man-made, such as an office building. Capital can include tools, machines, buildings, and computers.
Fun facts:
6. Drawings
450 seconds
Draw / write: What role does each of the four factors of production play in the production of goods and services?
7. Drawings
360 seconds
Draw / write: What impact do the four factors of production have on the economy of a country?
8. Open question
150 seconds
Think about a production process you are familiar with. How do the four factors of production influence it?
9. Open question
330 seconds
What are some of the challenges that arise when trying to balance the use of the four factors of production?

Suggested content