How does an entrepreneur reach success? Scholars use Econ Lowdown to research the four factors of production in the second lesson of a 21-part economic series. They access podcasts and video links online to analyze how people access capital to improve business. The economic building blocks of land, labor, capital, and entrepreneurship reveal the keys to success in the business world.

Concepts

factors of production, economics

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Additional Tags

social studies

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Instructional Ideas

• Hand out a factors of production flow chart at the start of the lesson as a preview
• Assign a reading on the four factors of production to extend lesson

Classroom Considerations

• Be sure students have online access if they complete the lesson as homework 

Pros

• Resource provides online questions at the Econ Lowdown Teacher Portal
• Offers differentiated instruction with both podcasts and video

Cons

• None

Common Core

RH.6-8.1 RH.6-8.2 RH.6-8.3 RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.11-12.1 RH.11-12.2 RH.11-12.3