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This lesson looks at the difference between production and productivity. The lesson includes many key examples, tasks and key theory. I have also included a simple worksheet to work alongside the key theory. The lesson covers the following theory:
* Factors of production
* Labour intensity
* Capital intensity
Below is a break-down of the lesson aims:
All: Students will know the difference between production and productivity.
Most: Students will know how to calculate both labour and capital productivity
Some: Students will know the main advantages and disadvantages of both labour and capital intensive industries.