Economic resources (factors of production) enable businesses to
produce the goods and services that consumers want. Regardless of product
or size, a significant consideration affecting a business’ success is its
ability to choose and use the best combination of natural resources, human
resources, and capital goods. Use this LAP to help your students learn about
the different types of resources and their limitations, how to respond to
limited resources, and why economic resources are important to all businesses
LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about economic resources, a (So What?) discussion of why it's important to learn, ideas (Make it Pay!) for immediate application, and a short (Gray Zone) case addressing ethical issues. The instructor section features a comprehensive discussion guide, complete practice- (short answer) and post-tests (multiple-choice) with descriptive keys, student activities, and more.
As an added bonus, instructors will receive a second version of the student guide—in color and designed specifically for use on electronic devices. This additional student guide is easier for instructors to share with students via email, shared drive, or learning management system and easier for students to view and read electronically. Click here for a sample of the bonus student section.
Bring your discussions to life with our PowerPoint presentation featuring a broad range of graphics and special effects to help keep students interested. This professionally produced presentation consists of 31 slides.