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