Workers Use Other Workers Use Other ResourcesResources

Unit 3 Learning to ProduceUnit 3 Learning to Produce

Lesson 11. Lesson 11.

VocabularyVocabulary

ResourceResource – a thing that can be – a thing that can be used to produce goods or services. used to produce goods or services.

Four Types:Four Types:

1.1. Human capitalHuman capital

2.2. Land Land Natural Resources Natural Resources 3.3. Physical capitalPhysical capital

4.4. Entrepreneur Entrepreneur

1. Human Capital1. Human Capitalskills and skills and knowledgeknowledge

2. Land 2. Land Natural Resources Natural Resourcesresources that are resources that are present without human present without human helphelp

3. Physical Capital3. Physical Capitalgoods that have been produced to goods that have been produced to produce other goods and servicesproduce other goods and services

4. Entrepreneurship4. Entrepreneurshipa person who a person who organizesorganizes productive productive resources, resources, takes riskstakes risks, and , and finds new finds new waysways of combining resources to of combining resources to produce a productproduce a product

While reading, list resources mentioned:

1. - Black earth

2. - Brown Hands

3. -Yellow seeds

4. - clanking machinery

5. - Sun

6. - Laughing people

7. - Truck

8. -Tortilla factory

9. - Oven

Take home Take home tonight and fill tonight and fill outout

Note two Note two columns columns

Have students Have students share what share what they find next they find next day in classday in class

VocabularyVocabulary

ResourceResource – a thing that can be – a thing that can be used to produce goods or services. used to produce goods or services.

Four Types:Four Types:

1.1. Human capitalHuman capital

2.2. Land Land Natural Resources Natural Resources 3.3. Physical capitalPhysical capital

4.4. Entrepreneur Entrepreneur

RULESRULES1.1. Use only your handsUse only your hands2.2. You must be You must be

standingstanding3.3. Cannot place paper Cannot place paper

on desk while on desk while workingworking

4.4. Be as neat as Be as neat as possiblepossible

5.5. Make valentine look Make valentine look as much like mine as as much like mine as possiblepossible

6.6. Your are being Your are being timed, raise hand timed, raise hand when completedwhen completed

Valentine Valentine ProjectProject

How could you How could you improve your improve your valentine??valentine??1.1. -use pencil-use pencil

2.2. -scissors-scissors

3.3. -more time-more time

4.4. -stencil-stencil

5.5. -use desk-use desk

6.6. --

7.7. --

New rules:New rules:

1.1. OK to use OK to use items passed items passed outout

2.2. Can be seatedCan be seated

3.3. Can use deskCan use desk

4.4. Will still be Will still be timedtimed

Comparing the two Comparing the two valentinesvalentines

Which easier to make?Which easier to make? Why?Why? Which would be prettier?Which would be prettier? Why?Why? Which faster?Which faster? Why?Why? Advantages of using pencil, Advantages of using pencil,

pattern, scissors, desk?pattern, scissors, desk?

What Physical Capital What Physical Capital used to make 2used to make 2ndnd valentine?valentine?

1.1. --

2.2. --

3.3. --

4.4. --

Benefits of Benefits of Physical Capital Physical Capital ResourcesResources Produce better goods and servicesProduce better goods and services

Produce goods and services fasterProduce goods and services faster

Makes production easierMakes production easier

We use We use physical capitalphysical capital every day to every day to do our workdo our work

What physical capital each worker using?

Have Have students students take hometake home

Use Use newspaper newspaper or or magazine magazine to find tool to find tool or piece of or piece of equipment equipment they would they would like to learn like to learn to useto use