Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer...
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Transcript of Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer...
![Page 1: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/1.jpg)
Factors of Production
Background Knowledge Activity
Created by Michelle WoodsSIOP-Curriculum Writer
WCPSS
![Page 2: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/2.jpg)
Define Production
productnoun
production Verb (action)
![Page 3: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/3.jpg)
Factors of Production
land
labor
capital
entrepreneur
![Page 4: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/4.jpg)
Factors of Production
land
forest
water
minerals
sunlight
air
![Page 5: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/5.jpg)
Factors of Production
labor
Mental or physical activity in production
![Page 6: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/6.jpg)
Factors of Production
Previous manufactured goods used to make other goods and services.
capital
![Page 7: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/7.jpg)
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
![Page 8: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/8.jpg)
What are the factors of production?
![Page 9: Factors of Production Background Knowledge Activity Created by Michelle Woods SIOP-Curriculum Writer WCPSS.](https://reader036.fdocuments.in/reader036/viewer/2022062806/56649d8a5503460f94a6fcda/html5/thumbnails/9.jpg)
Factors of Production
Land Labor Capital Entrepreneur
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You Do It!
Choose 1 of these products, and with a partner list as many examples for each category you can.