Economic Resources

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Slide 1: Tekstslide
BusinessTertiary Education

In deze les zitten 18 slides, met interactieve quizzen en tekstslides.

time-iconLesduur is: 30 min

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Slide 1 - Tekstslide

Objective of the lesson
1. Describe that scarcity requires individuals nations to make decisions about resources
2. Analyze the four factors of production
3. Compare the factors of productions 





Slide 2 - Tekstslide

Facts
The lack of resources is called scarcity. The principle of scarcity states that there are limited resources for satisfying unlimited wants and needs. Because resources are in limited supply, to have one thing may
mean giving up something else

Slide 3 - Tekstslide

Lack of resources is
A
Needs
B
Wants
C
Scarcity
D
Resources

Slide 4 - Quizvraag

What is the principle of scarcity?

Slide 5 - Open vraag

Facts
Factors of production are all the economic resources necessary to produce a society’s goods and services, such as the wheat that grows in the ground, the tractor that harvests it, the labor that turns it into flour, and the distribution system that delivers it to the marketplace.
There are four factors of production:natural resources, labor resources, capital resources, and entrepreneurial resources.

Slide 6 - Tekstslide

Name the factors of productions.
A
Land , water air
B
Land , Labor, capital and Entrepreneurship
C
Labor, Land, Capital
D
Land labor air

Slide 7 - Quizvraag

What is meant by factors of production?

Slide 8 - Open vraag

Facts
Natural Resources are raw materials from nature that are used
to produce goods. Trees, water, and grains are natural resources.
Natural resources can often be processed in various ways to create goods.

Slide 9 - Tekstslide

Labor 
Labor resources are people who make the goods and services for which they are paid. Labor can be skilled  or unskilled, physical or intellectual

Slide 10 - Tekstslide

Capital
Capital resources are the things used to produce goods and services, such as buildings, materials, and equipment. They are also called capital goods.

Slide 11 - Tekstslide

Entrepreneurial
Entrepreneurial resources are used by the people who
recognize opportunities and start businesses.
Entrepreneurship is the process of recognizing a business
opportunity, testing it in the market, and gathering the resources
necessary to start and run a business.

Slide 12 - Tekstslide

Example of capital resources are
A
Money, equipment, building
B
Human ,Money, Land
C
Businesswomen
D
Trees, Water, Grains

Slide 13 - Quizvraag

What is the difference between renewable and non renewable resources?

Slide 14 - Woordweb

What are the capital goods in this picture?

Slide 15 - Open vraag

Why do all nations face the problem of scarcity?
A
As nations have enough resources
B
As the people use the resources
C
there is less population
D
Because no nation has enough resources

Slide 16 - Quizvraag

List five different natural resources

Slide 17 - Open vraag

Give the important terms of the lesson

Slide 18 - Woordweb