Bell Ringer Oct 30 th, 2008 1)What are the 5 F’s of agriculture? 2) If you were going build a house what resources (supplies and equipment) would you need?

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Bell Ringer Oct 30 th, )What are the 5 F’s of agriculture? 2) If you were going build a house what resources (supplies and equipment) would you need? (List at least 8)

Economic Resources

What is economics? The study of how people buy and sell stuff.

What is a resource? The equipment and supplies that we use to get things done.

What are the different kind of resources? Natural Human Capital

Natural Resources Gifts of nature used to produce goods and services

Human Resources Physical and mental labor people use to produce goods and services.

Human Resources

Capital Resources Buildings, tools and machines used to produce goods and services

Can you tell what resources are in these pictures?

What resources does McDonalds use? Natural Human Capital

What resourced would a hair salon use? Natural Human Capital