Detailed Lesson Plan

In
Economics (grade 9 & 10)

I. OBJECTIVES:
At the end of the discussion the students are expected to:
a. Enumerate the four types of production
b. Discuss the factors affecting production
c. Discuss the affectivity on the factors of production in a healthy society.

II. SUBJECT MATTER:

a. Topic: Factors of production
b. Materials: Instructional Materials or IMs and Black board
c. Values: Effect to life
d. Reference: Website

III. PROCEDURES:
TEACHER’S ACTIVITY STUDENT’S ACTIVITY
A. Customary Activities
 Daily routine
Good morning class! Good morning Ma’am!

May we all stand as we seek

For the Lord’s presence (the students stand and pray)

Jane kindly lead us the prayer

Before you take your seat make sure to pick

Pieces of paper under your chair and
Arrange your chairs properly (the students do what is being told)

If there’s no absent today everybody

Please say “We are all fine Ma’am”! We are all fine ma’am!

B. Review
Before we move on to our discussion,
Anyone who can recall our topic last meeting? Ma’am?

Yes? Scarcity is described as limited

quantity of resources to meet unlimited wants.

Very good!

C. Motivation
Class, what things have you bought for
Your family in the past week?

Kindly give me some?

Yes , Marvie Television ma’am

Ok, what else?

Yes, Nelvie Vacuum ma’am

Ok very good

What services have you paid for in the

Past week?

Yes, Hanzel Meals ma’am

Ok, what else?

 Yes, Ace Massage ma’am

Very good class, what you said is all correct.

Today we will be discussing about the factors

of production or supply of things that our
community relies.

D. Lesson Proper
 Presentation of the lesson
The Teacher will explain about the meaning
of the following factors of production and will
give some example.

 Discussion
So there are four types of production
The first factors of production is LAND

Vina, kindly read the meaning? LAND this includes any natural
resources used to produce goods and services.

This include not just land, but anything

that comes from the land. Some common
land or natural resources are water, oil copper
natural gas, coal and forest, land resources are
the raw materials in the production process.
These resources can be renewable such as
forest or nonrenewable such as oil or natural
gas the income that owners earn in return for
land resources is called rent.

The second factors of production is LABOR

Ace, kindly read the meaning? LABOR is the effort that people contribute to the
production of goods and services.

Labor resources include the work done by the

Waiter who brings your food at a local
Restaurant, as well as The engineer who
designed the bus that transports you to school,
It includes an artist’s creation of a painting
as well as the work of the pilot flying the
airplane, if you have ever been paid for a job,
you have contributed labor resources to the
production of goods and services.
The income earned by the Labor resources are
are called wages and is the largest source
of income for most people.

Next factor is Capital

CAPITAL defines as goods that are made and

used to make other things such as tools,
machines and equipment buildings, humans
use to produce goods and services.

Norie can you give some common examples

of capital? Some common examples of capital includes
hammers, belts, computer and delivery vans
ok very good!
 Capital differs based on the
worker and the type of work being done.
For example , a doctor may used stethoscope
and an examination room to provide
medical services .
The income earned by owners of capital
resources is interest.

And Lastly, the fourth factor of production is

Entrepreneurship

An entrepreneur is a person who combines the

other factors of production – land - labor –
capital- to earn a profit . The most successful
Entrepreneurs are innovators who find new
ways to produce goods and services to bring
to market. Without the Entrepreneur combining
land, labor and capital, many of the innovations
we see around us would not exist.

Class, who are the most well-known Entrepreneur? Henry Sy, Lucio Tan, Bill Gates

E. Generalization
Franc, can you sum up what you’ve
learned today? I learned that there are four types or factors
of production, Land – Labor – Capital and
Entrepreneurship.

FACTORS OF PRODUCTION

LAND LABOR CAPITAL ENTREPRENEURSHIP

Capital differs based on

the worker and the type of
LAND this includes any LABOR is the effort that work being done. For An entrepreneur is a person
natural resources used people contribute to the example, a doctor may use who combines the other
to produce goods and production of goods and stethoscope and an factors of production – land
services. services. examination room to - labor – capital- to earn a
provide profit

medical services
.
Very good!

F. Application
Since you have understand well lets have an
Activity
( Gather students into groups of two and
assign each group a well-known location ,
Ex. School and Hospital)

Emy, kindly read the direction. Directions:

Each group, list at least three example of each types
Or factors of production in your chosen location for
10mins.
  Team Hospital
 Team School

Any clarification? None ma’am!

Ok your time starts now. (Students prepare their output)

Times-up! Please present your output now. ( students present their output respectively)

All of your output are truly commendable ,

job well done class! Because of that I will
give each group a reward.

IV. EVALUATION:
Direction/s:
It’s time to test your knowledge, bring out ¼ sheet of paper and lets have very short quiz.

1. What are the four factors of production?

2. What is the most important factor of production? And why?
3. I like to call, name those resources, I will say the name of an item and you will identify it as one
of the four possible resources that form the factors of production; land labor capital
entrepreneurship.
a. Coal – Land
b. Factory - Capital
c. Forest - Land
d. Bill gates – Entrepreneur
e. Waiter - Labor

V. ASSIGNMENT:

In your own opinion, write at least three to five sentences, why are the factors of production
important to economic growth?

Prepared by:

CHARMAINE P. PUTANG
DOCUMENTATION
 ISABELA COLLEGES INC.
Cauayan City, Isabela

Detailed Lesson Plan

In
Economics – FACTORS OF PRODUCTION

SUBMITTED BY:

CHARMAINE P. PUTANG
Prof. Ed. Student

SUBMITTED TO:

GLICERIA S. QUITOLA
Professor