Introduction
Principles of Business
Grade 10
Topic: Production
Objectives: 1. Identify factors in the production of goods and services
2. Define the term production
3. Differentiate between production and Productivity
4. Identify industries developed from the natural resources of Caribbean territories
Task
Watch the video below and write in your own words a definition for production.
Process
Production: Production is the process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create an output that is fit for consumption – a good or product that has value to an end-user or customer.
What are the factors of production?
Click the link above and watch the video. Pay keen attention to the video and write down:
1. The factors of Production and definition.
2. Examples of Each
Activity 2
Difference between production and productivity
Watch the video then write down the difference between production and productivity.
Activity 3
Watch the video above and write down the different Caribbean countries and the industries that can be found in each.
Evaluation
One of your classmates missed class today. Creatively find a way to tell him/her what you learnt about in class today.