1. Factors of Production Background Knowledge Activity
Created by Michelle Woods
SIOP-Curriculum Writer
WCPSS

2. Define Production product production noun Verb (action)
Before going over this slide, have students with a partner, define-in their own words what production means. Next, talk about the use of the word product being the end result, but production being the journey.
noun
Verb (action)

3. Factors of Production
land
capital
labor
entrepreneur

4. land Factors of Production minerals forest water sunlight air
Elements of land include: forest, air, water, minerals, and sunlight. Every tangible product comes from land. Everyone needs access to land in order to live.
water
sunlight
air

5. Mental or physical activity in production
Factors of Production
labor
Mental or physical activity in production
What are each of these examples producing?

6. Previous manufactured goods used to make other goods and services.
Factors of Production
capital
The hammer, screwdriver and saw are each previously manufactured goods. These pieces are being used by the carpenter to create a table. The table will be sold for more money. These are examples of capital.
Previous manufactured goods used to make other goods and services.

7. Jennifer Hyman and Jenny Fleiss
Factors of Production
entrepreneurs
NAVEEN SELVADURAI
Mark Zuckerberg
Each of these people is an entrepreneur. They all made it to the younger than 30 top 30 entrepreneur list.
Maverick carter
Jennifer Hyman and Jenny Fleiss
A person who starts a new business, introduces new products, and improves a process to make a profit.

8. What are the factors of production?
We do it! As a group model for the students how to think through the process of FOP in relation to the cabbage. Fill out a chart as a class.

9. Factors of Production

10. You Do It!
Choose 1 of these products, and with a partner list as many examples for each category you can.