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Bell-ringer: define resources

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Presentation on theme: "Bell-ringer: define resources"— Presentation transcript:

1 Bell-ringer: define resources
Don’t forget to start your new week sheet!! Bell-ringer: define resources

2 3 types of resources Natural Resources
Gifts of nature, present without human intervention Examples: land, trees IAN Page 38

3 3 types of resources Human resources
Quantity and quality of human effort directed toward producing goods and services (labor) IAN Page 38

4 3 types of resources Capital Goods (resources)
Goods people produce and use to make other goods and services IAN Page 38

5 What resources would you use to make this pizza?
IAN Page 38

6 Classify those resources into
Natural Resources Human Resources Capital Resources Check your answers with a partner. IAN Page 38

7 Now, come up with at least 3-6 ideas that could be produced with the following:
IAN Page 38

8 Let’s have a race! Using the cards provided, classify the resources into the three types of resources. Natural Human Capital IAN Page 38

9 4 Levels of economic activity
Primary Secondary Tertiary Quaternary IAN Page 39

10 Primary economic activity
Economic activity that makes direct use of natural resources Examples: Mining, Cutting trees for lumber IAN Page 39

11 Secondary Economic Activity
Economic activity that processes raw materials (factories) Example: Turning lumber into furniture IAN Page 39

12 Tertiary Economic Activity
Activity that produces immaterial services Examples: Selling furniture IAN Page 39

13 Quaternary Economic Activity
Knowledge-based part of the economy Examples: Information Technology (IT – computers) Education Financial institutions Research and Development IAN Page 39

14 In your IAN, recreate the levels of economic activity pyramid as I have done on the board.
IAN Page 40

15 Now, we will classify the resources
Using beanbags, each person must try to land their beanbag in the corresponding level of Economic activity to the resource they have pulled.

16 Page 38 Page 39 Page 40 Define & Give two examples of each:
Natural Resources Human Resources Capital Resource List resources used to make a pizza & classify those resources with a N, H, or C Define and give an example of: Primary Economic Activity Secondary Economic Activity Tertiary Economic Activity Quaternary Economic Activity Page 40 Copy the Levels of Economic Activity Pyramid from the right side of the board


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