This lesson contains 16 slides, with interactive quizzes, text slides and 1 video.
Lesson duration is: 45 min
Items in this lesson
Program for this lesson
Review of the previous lesson
Primary income and transfer income
Assignments 2.1 & 2.2 (homework)
Assignment 2.3
Slide 1 - Slide
Lesson objectives
1. You can name the four factors of production and give an example of each one of them.
2. You can link the four factors of production to the five primary incomes.
3. You can name the main difference between a primary income and a transfer income.
Slide 2 - Slide
LessonUp
Participate by:
Going to lessonup.nl
Logging in with the pin at the bottom of this screen.
Fill in your own name.
Slide 3 - Slide
Factors of production
Capital
Labour
Nature
Entrepreneurship
Productiefactoren
Kapitaal
Arbeid
Natuur
Ondernemerschap
Slide 4 - Slide
Factors of production
Capital
Machinery, buildings, materials
Labour
The work that people do
Nature
Land, sunlight, natural resources
Entrepreneurship
The entrepeneur coordinating the production process
Slide 5 - Slide
Five primary incomes
Salary or wage
Interest
Rent
Lease (pacht)
Profit
Slide 6 - Slide
Drag the right primary incomes to the factors of production.
Lease
Profit
Capital
Labour
Nature
Entrepeneurship
Salary
Interest or rent
Slide 7 - Drag question
Transfer income
Transfer income = an income which you get without having to do anything in return.
Old Age Pensions Act
Housing allowances
Slide 8 - Slide
From Dad...
...To Son/Daughter
Slide 9 - Slide
Is maintainance (alimentatie) an example of a primary income or transfer income?
A
Primary income
B
Transfer income
Slide 10 - Quiz
What is the main difference between a primary income (wage) and a transfer income (pocket money)?
Slide 11 - Open question
Assignment 2.1
a. The minimum age to work in a supermarket is 13 years old.
b. Wage or salary
Slide 12 - Slide
Slide 13 - Video
01:03
Imagine: you are 13 years old and you work at a supermarket. You have 7 hours of school on Friday. How many hours are you allowed to work in the supermarket on Friday?
A
Not more than 2 hours
B
Not more than 1 hour
C
Not more than 3 hours
D
Not more than 30 minutes
Slide 14 - Quiz
Assignment 2.2
a. The people who take part in the production process have to pay taxes and contributions. These taxes and contributions end up in a kitty from which the transfer incomes are financed.