Economics- Factors of Production- Opening an Italian Restaurant and Hair Salon
This activity will have students thinking about the four factors of production- natural resources, human resources, capital resources, and entrepreneurial resources. For the first activity, students will pretend they are opening an Italian restaurant and make a list of what natural, human, capital, and entrepreneurial resources they would need. The students will then do the same thing for a hair salon. The document is set up with each activity separate and space for students to list their items for each resource. A very detailed answer key is provided for you.
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