FOCUS QUESTION FOR THIS SECTION
How do producers use resources to make goods and services?
Section 7: Productive Resources
SECTION DESCRIPTION
In these lessons, students have the opportunity to define, categorize and identify productive resources (natural, capital, and human), using dramatization. Students examine the effect technology has on productive resources, explore ways to increase their own skills as a human resource, and develop a plan to market a good or service, including the resources needed to do so successfully.
LESSON OBJECTIVES
Define labor as a human resource that is used to produce goods and services.
Define productive resources, natural resources, human resources, and capital resources.
LESSON OBJECTIVE
Give examples of improving human capital through investments in education, training, and health.
List several ways to use the same resource to satisfy various wants.
Distinguish productive resources from money and explain why money is not used to make goods and services.
LESSON OBJECTIVES
Give examples of workers improving their human capital by learning and practicing skills.
Diagram workers improving their productivity by using capital resources such as tools and machinery.
Diagram workers’ increase in productivity to their increased human capital.
LESSON OBJECTIVES
Cite examples of technological advances that helped increase productivity.
Define technology as the advancement in knowledge leading to new and improved goods and services and better ways of producing them.
LESSON OBJECTIVES
Understand and explain the statement: Producers use natural, capital, and human resources, instead of money, to make goods and services.
Develop a plan to produce and market a good or service using natural, capital, and human resources.