1. Use Ch. 19 UNIT VI – Fundamentals of Economics
Factors of Production
Use Ch. 19
UNIT VI – Fundamentals of Economics

2. What is Economics?

3. We all have…
Needs (with ex.)–
Wants (with ex.) –

4. We satisfy our needs and wants through…
Goods
What are they and example…
Services
What are they and example…

5. Four Factors of Production
Resources necessary to produce goods and services

6. 1.____________
Examples:

7. 2.____________
Varying types
Blue Collar –
White Collar –
Examples:

8. 3.______________
Examples:

9. Capital v. Consumer Goods
Capital goods: What is it and give example.
Consumer goods: What is it and give example.

10. 4. Entrepreneurship
Individuals who… 1. 2. 3.
Examples: