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Unit 3: Lesson 7

Published on Jan 13, 2016

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

Production Decisions

Unit 3 Lesson 7
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2.

Factors of Production

  • Natural Resources
  • Human Resources
  • Capital Resources
  • Intermediate Goods
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3.

Natural

Things found in or on Earth
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4.

Human

Performing mental or physical work
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5.

Capital

  • Things produced by people
  • and used over and over again
  • to produce other goods
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6.

Intermediate Goods

  • Inputs used in production
  • Produced by people
  • Used up in the production
  • Of something else
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7.

Which inputs are which??

  • Water
  • Designer (person)
  • Thread
  • Building
  • Oil
  • Sewing machine
  • Cotton
  • Printer (person)
  • Cloth (polyester)
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Madison Farris