Wednesday, September 1st

Began by reviewing the dissection of food from the day before and led into a discussion about how goods and services are produced in our society. Using the notes handed out the day before, the students learned about the Factors of Production/ Productive Resources.

Then, they were divided into groups and told they were about to start a new business - what are some basic questions that you will have? They figured out the 4 Basic Economic Questions pretty much on their own. We then wrote them down in the notes.