LO 3.1 - Scarcity and Choice
Learning Intentions
By the end of this section you should be able to do the following
1.Define the term economics
2. Explain the term Economic Resources
3. Identify and outline the Factors of Production
4. Describe how business use the Factors of Production
5. Explain how scarcity, choice and opportunity impact on the Factors of Production
6. List the rewards for each factors of Production
1.Define the term economics
2. Explain the term Economic Resources
3. Identify and outline the Factors of Production
4. Describe how business use the Factors of Production
5. Explain how scarcity, choice and opportunity impact on the Factors of Production
6. List the rewards for each factors of Production
Videos - Please note entrepreneurship should be enterprise
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Assessment - Matching
Assessment - Learn
Additional Resources
Chapter notes |
Self Assessment - Quizlet |
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Click here to find an interactive game to help you with the definition for this chapter
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Power-point |
Playing Cards |
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Sounds Files
What is Economics
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Factors of Production
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Scarcity
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