Online Lesson
About this lesson
grade level: 9-12
curriculum standards:
6
More lessons from this author
posted on: September 15, 2000
State Standards
Printable Glossary 
Teacher's Version
This lesson provides you with the resources that you will need to teach this lesson. We have also provided a link for your students to follow this lesson online. The link below contains only the information your students need:
Print this lesson
Email this lesson
Review this lesson
Find related lessons
The Economics of Income: Which 'Wood' You Choose?
Key Economic Concepts:
A key turning point in a nation's economic development is when it starts to use its resources for long term versus short term purposes. A natural resource example is trees: should people use wood for cooking food or building homes? Simpler societies tend to use wood predominantly as a fuel source (an output), whereas more advanced economies use wood principally as a capital good (an input) with which to build durable social infrastructure, e.g., houses, furniture, books, boats, signs, etc. The same principle applies to all types of a nation's resources (natural, human, educational, scientific, technological, financial, political, et al.) - sustainable economic growth depends on implementing a long term vision of resources as inputs for producing outputs as efficiently as possible.
|
If You're So Smart... |
The Rich Nations Mystery |
Which "Wood" You Choose? |
What 'Wood' You Do: Cook Food or Build Houses?
A key turning point in a nation's economic development is when it starts to use its resources for long term versus short term purposes. A natural resource example is trees: should people use wood for cooking food or building homes? Simpler societies tend to use wood predominantly as a fuel source (an output), whereas more advanced economies use wood principally as a capital good (an input) with which to build durable social infrastructure, e.g., houses, furniture, books, boats, signs, etc. The same principle applies to all types of a nation's resources (natural, human, educational, scientific, technological, financial, political, et al.) - sustainable economic growth depends on implementing a long term vision of resources as inputs for producing outputs as efficiently as possible.
Links Used:
Be the first to review this lesson!
Insert a comment, suggestion or review of this lesson here. The comments will not appear immediately due to a time delay to allow for a review by a member of our staff.
Follow us