This video teaches the concept of Productive Resources. Productive resources are used to produce goods and services and are classified into four categories: land, labor, capital, and entrepreneurship.
Students serve as an Economic Advisor to the President, who must increase military spending out of political necessity, but needs…
Key Concepts: Budget Deficits and Public Debt, Decision Making/Cost-Benefit Analysis, Roles of Government
In this economics lesson, students will create communities to learn how they provide goods and services.
Key Concepts: Goods and Services
This is a basic lesson of scarcity and resources that can be used for elementary students or students with special…
Key Concepts: Scarcity
Grades 3-5, 6-8, 9-12
In this economics video, students will watch a video about scarcity.
Key Concepts: Economic Systems, Goods and Services, Scarcity