This activity contains everything your students need to gain an in-depth understanding of the Factors of Production. Perfect lesson to use during a beginning Econ unit (Unit 1) where students are learning the basics of Economics. In this activity:
1) Students will complete a graphic organizer, Factors of Production Chart, on the 4 Factors of Production using their classroom textbook or online resource.
2) Students will then participate in a group activity in which they list all of the Factors of Production for an assigned good or service, create a poster of this information and share out with the class.
3) Students will watch a video on how the Factors of Production may be affected in the future. (Video is public access on YouTube) and is 15 minutes in length. Students will answer questions about the video while watching.
4) Assessment/Conclusion Activity Included.
FULL LESSON, all worksheets, teacher STEP-BY-STEP directions are all included.
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