ECONOMICS

ECONOMICS
REWARDS OF FACTORS OF PRODUCTION
1 / 34
volgende
Slide 1: Tekstslide
EconomicsSecondary Education

In deze les zitten 34 slides, met interactieve quizzen, tekstslides en 1 video.

time-iconLesduur is: 70 min

Onderdelen in deze les

ECONOMICS
REWARDS OF FACTORS OF PRODUCTION

Slide 1 - Tekstslide

SUBJECT: ECONOMICS
STRAND: Firms’ Innovative Decision-Making
SUB-STRAND: Production of goods and services
WEEK: 9
CLASS: SHS ONE (1)

Slide 2 - Tekstslide

Content Standard:
Demonstrate knowledge and understanding of factors of production.

Slide 3 - Tekstslide

Learning Outcome: Evaluate the relevance of factors of production.
Learning Indicator: Identify the rewards for each factor of production.


Slide 4 - Tekstslide

Essential Questions
1. Which factors are considered in determination of the rewards for each factor of production in Ghana?
2.  How do technological advancements impact the rewards of factors of production?

Slide 5 - Tekstslide

3. What are the implications of unequal distribution of rewards among factors of production for economic inequality?
4. How will the application of ICT, GESI and SEL enhance the understanding of rewards for each factor of production?

Slide 6 - Tekstslide

SING A LOCAL FARM SONG

Slide 7 - Tekstslide

INTRODUCTION
  • KEY WORDS
  • Production
  • Productivity

Slide 8 - Tekstslide

  • Reward
  • Factors

Slide 9 - Tekstslide

FACTORS OF PRODUCTION

Slide 10 - Woordweb

MENTION THE FOUR FACTORS OF PRODUCTION

Slide 11 - Open vraag

Slide 12 - Tekstslide

ECONOMIC ACTIVITIES OF;
  • LAND
  • LABOUR
  • CAPITAL
  • ENTREPRENEUR

Slide 13 - Tekstslide

MENTION SOME OF THE ECONOMIC USES (ACTIVITIES) OF LABOUR, LABOUR, CAPITAL AND ENTREPRENEUR

Slide 14 - Open vraag

Slide 15 - Video

REWARDS
Reward refers to the benefits or returns that individuals or entities receive as a result of their efforts, investments, or actions.

Slide 16 - Tekstslide

These rewards can take various forms, including: praises, recognition, money or any incentive.

Slide 17 - Tekstslide

FACTORS OF PRODUCTION REWARD
Rewards of factors of production are the benefits or returns that the four factors of production receive as a result of their use in production.

Slide 18 - Tekstslide

WHAT REWARD DO FACTORS OF PRODUCTION RECEIVE?

Slide 19 - Open vraag

COPY AND COMPLETE THE TABLE
S/N
FACTOR OF PRODUCTION
REWARD
1
LAND
2
LABOUR
3
CAPITAL
4
ENTREPRENEUR

Slide 20 - Tekstslide

EXERCISE
THE IMAGE BESIDE IS THE LIST OF FACTORS OF PRODUCTION AND REWARDS.

STUDY THE TABLE MATCH EACH WITH ITS RESPECTIVE REWARD.

Slide 21 - Tekstslide

ASK QUESTIONS FOR FURTHER EXPLANATION

Slide 22 - Open vraag

What is the reward for land in economics?
A
Profit
B
Rent
C
Interest
D
Salary

Slide 23 - Quizvraag

What is the reward for labor in economics?
A
Fees
B
Wages
C
Dividends
D
Royalties

Slide 24 - Quizvraag

What is the reward for capital in economics?
A
Benefits
B
Interest
C
Commission
D
Allowance

Slide 25 - Quizvraag

What is the reward for entrepreneurship in economics?
A
Pension
B
Perks
C
Profit
D
Stipend

Slide 26 - Quizvraag

Which of the following is not a factor of production reward in economics?
A
Dividends
B
Interest
C
Wages
D
Rent

Slide 27 - Quizvraag

The rewards of factors of production are determined by their relative scarcity in the economy.
Yes, it reflects the supply-demand balance.
No, other factors also play a role.

Slide 28 - Poll

Land receives rent as a reward for its contribution to production.
Yes, it's compensation for land use.
No, rent is artificially inflated.

Slide 29 - Poll

Labor is rewarded with wages that reflect the skills and demand for the work.
Yes, it's fair compensation for work.
No, wages can be influenced unfairly.

Slide 30 - Poll

Capital receives interest as a reward for contributing to the production process.
Yes, it reflects the use of capital.
No, interest can be exploitative.

Slide 31 - Poll

Entrepreneurship is rewarded with profit for taking on the risk of production.
Yes, it incentivizes innovation and risk-taking.
No, profit can be excessive and unfair.

Slide 32 - Poll

BY: B.A.K. AKORLOR

Slide 33 - Tekstslide

Slide 34 - Tekstslide