Global Economy

Thursday 19 May 2011

AS Microeconomics: factors of production

What do you need to make orange juice?



Watch the video clip and then decide what factors of production were involved in the making of orange juice.

Here is a list of many of the scarce resources that are used to produce cartons of orange juice. Draw three columns and label them natural resources, human resources and man-made resources, and then decide in which column each item should go.


Telephones
Advertising people
Cotton for clothing
Fertile soil
Squeezing machines
Orange pickers
Packaging machines
Packaging designers
Calculators
Water
Bank clerks
Oil
Lorries
Printing machines
Peeling machines
Orange trees
Economists
Power stations
Coal
Warehouse workers
Lorry drivers
Wood
Shops
Ship’s crew
Factory buildings
Drink tasters
Insecticide sprays
Oranges
Roads
Accountants
Shop assistants
Dock workers

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