Economic Management Science, factors of production lesson plan

Good day grade 10 learners. My name is Ms Qaba and welcome to my Webquest.

 

Today’s lesson is about factors of production and the lesson outcomes of this lesson are as follows. Learners must be able to: 

• understand the definition and characteristics of labor as a factor of production,
• understand the definition and characteristics of land as a factor of production,
• understand the definition and characteristics of capital as a factor of production,
• understand that the capital factor of production is subdivided into fixed capital and working capital,
• understand that economic growth represents the increase in capital goods and human resources,

Complete the following tasks by Answering the following questions given.

Question 1:  Fill in the blank:  is the act of creating goods and services to be consumed.

A. resource

B. Production

C. Businesses 

D. Economic activity

E. A need

Question 2: Which of the following is not a factor of production?

A. Labor

B. Land

C.Capital

D. A need

Question 3: Which of the following is not an example of land as a factor of production?

A. Paper 

B. Wheat Crops 

C. Farmland

D. petroleum

Question 4: Which of the following is not an example of labor as a factor of production?

A. Managing an assembly line in a factory

B. Playing chess as a hobby

C. Playing the violin in a concert

D. Painting a portrait for an art gallery

Question 5: Which of the following is not an example of capital as a factor of production?

A. Car parts

B. Money 

C. Forklift 

D. Taxi 

Question 6:  Which of the following lead to economic growth?

A. Investment

B. Capital consumption

C. Consumption goods

D. Increase in human resources

Question7: Which of the following is not a characteristic of labor as a factor of production?

A. Voluntary activity

B. Conscious activity

C. Meaningful effort

D. Painful activity

E. Satisfying activity

Question 8: Which of the following is an example of working capital?

A. Computer 

B. Car part

C. Machinery

D. forklift

Question 9: Which of the following is not necessarily a characteristic of capital as a factor of production?

A. Man made

B. Consumable

C. Depreciable

D. Permanent

E. Production

• The learners are writing the task above in the classroom.  
• We will discuss all the answers in class to test the learners knowledge 
• As learners are giving feedback to the larger group, as the teacher I’ll be helping learners with the correct answers of the tasks after the learners have gave feedback feedback 
• We will share what has been learnt and what could have been done better to improve the knowledge they and get correct answers.
  
  Corrections will be made then after or a memo will be provided for them to do corrections.

There are the correct answers of the Tasks above. Please do corrections on your textbooks.

Question 1Fill in the blank:  is the act of creating goods and services to be consumed.

B. Production

Question 2: Which of the following is not a factor of production?

D. A need

Question 3: Which of the following is not an example of land as a factor of production?

A. Paper

Question 4: Which of the following is not an example of labor as a factor of production?

A.Managing an assembly line in a factory

Question 5: Which of the following is not an example of capital as a factor of production?

C. Forklift

Question 6: Which of the following lead to economic growth?

A. Investment

Question 7: Which of the following is not a characteristic of labor as a factor of production?

C.Meaningful effort

Question 8: Which of the following is an example of working capital?

C. Machinery

Question 9: Which of the following is not necessarily a characteristic of capital as a factor of production?

D. Permanent

I have emphasized the important parts of the tasks that was done in class I found difficult for my learners and the learners had to listen and ask questions based on the work for more clarity. 

I have let the learners know that they have done well on the work or task and they must do the same on every each work they get to keep up the good work

For more information, please look in the folllowing Grade 10 Economics textbook