PRODUCTIVE RESOURCES (Factors of Production)



Name: _________________________________ Date: _________________ Block: _____________

PRODUCTIVE RESOURCES (Factors of Production)

SSEF1b. Define and give examples of the productive resources (factors of production): natural resources (land), human resources (labor and human capital), physical capital and entrepreneurship.

|LAND |LABOR |

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|CAPITAL |ENTREPRENEURSHIP |

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1. Students will give a definition for each productive resource.

2. Students will create a graphic example that represents what each productive resource means, and the visuals must be consistent in taking a natural resource through the production process to becoming a finished good or service to sell in a market for profit!

3. Explain the relationship between scarcity and productive resources.

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