The Nature of the Economic Problem, Factors of Production and Factor Mobility 'ppt' IGCSE Economics

Topic: The Nature of the Economic Problem, Factors of Production and Factor Mobility ’ppt’ IGCSE Economics. Use these materials to engage your students, and relax. You can consistently produce A*s, As, and Bs.
User guidelines:

1. Duplicate the file. Delete the answers to the activities in one file and share to students before or during the class.
2. Project the file. Teach and / or discuss the content within 5 to 15 minutes of lesson time.
3. Let students work on the activities provided.
4. Watch and guide them individually or collectively as the needs arise, such that they
   understand and do the needful.
5. Use the activities as you find fit. Project the answers. Let students exchange and mark their own scripts for short and direct responses questions. Mark the detailed responses yourself. Best regards.

Lesson Objectives
At the completion of the lesson, all students should be able to;
• Define, and explain the nature of the economic problem (finite resources and unlimited wants). • and the factors of production (land, labour, capital, enterprise, with examples ). • Define, explain mobility of the factors of production and the influences on the mobility of the various factors. • Quantity and quality of the factors of production - The causes of changes in the quantity and quality of the various factors.