Workers Use Other Resources Unit 3 Learning to Produce Lesson 11.

Vocabulary Resource – a thing that can be used to produce goods or services. Four Types: 1. Human capital 2. Land  Natural Resources 3. Physical capital 4. Entrepreneur

1. Human Capital skills and knowledge

2. Land  Natural Resources resources that are present without human help

3. Physical Capital goods that have been produced to produce other goods and services

4. Entrepreneurship a person who organizes productive resources, takes risks, and finds new ways of combining resources to produce a product

While reading, list resources mentioned: 1.- Black earth 2.- Brown Hands 3.-Yellow seeds 4.- clanking machinery 5.- Sun 6.- Laughing people 7.- Truck 8.-Tortilla factory 9.- Oven

Take home tonight and fill out Take home tonight and fill out Note two columns Note two columns Have students share what they find next day in class Have students share what they find next day in class

Vocabulary Resource – a thing that can be used to produce goods or services. Four Types: 1. Human capital 2. Land  Natural Resources 3. Physical capital 4. Entrepreneur

RULES 1. Use only your hands 2. You must be standing 3. Cannot place paper on desk while working 4. Be as neat as possible 5. Make valentine look as much like mine as possible 6. Your are being timed, raise hand when completed Valentine Project

How could you improve your valentine?? 1. -use pencil 2. -scissors 3. -more time 4. -stencil 5. -use desk

New rules: 1. OK to use items passed out 2. Can be seated 3. Can use desk 4. Will still be timed

Comparing the two valentines Which easier to make? Which easier to make? Why? Why? Which would be prettier? Which would be prettier? Why? Why? Which faster? Which faster? Why? Why? Advantages of using pencil, pattern, scissors, desk? Advantages of using pencil, pattern, scissors, desk?

What Physical Capital used to make 2 nd valentine?

Benefits of Physical Capital Resources Produce better goods and services Produce better goods and services Produce goods and services faster Produce goods and services faster Makes production easier Makes production easier We use physical capital every day to do our work We use physical capital every day to do our work

What physical capital each worker using?

Have students take home Have students take home Use newspaper or magazine to find tool or piece of equipment they would like to learn to use Use newspaper or magazine to find tool or piece of equipment they would like to learn to use