What do you need to start a

business ....?
Other than $$$$
Resources or Factors of Production
Capital
Land
All naturally occurring Human made
resources (renewable resources that can
& non renewable) be used to create
which are available for further G&S
economic use

Enterprise
Labour
Risk takers who have
Mental and physical
human input. Both the ability to initiate
the number of and manage the
workers and their process of combining
level of skills land, labour and
measure the labour capital to make a
resource
profit.
 FOP Cards
1. Each group will receive cards and headings
2. Place all cards face down
3. Place the headings face up
4. Take turns to flip a card and place under correct
heading
5. When your team has agreed – draw up a table
in your books to summarise
6. Come up with your own example under each
heading
 Teacher instructions
• Print off the following slides for each group
• Cut up the different “headings” and “cards”
• Shuffle and distribute

• For longevity – consider mounting each set

onto a different colour cardboard and
laminating
 LAND

Sheep Water Palm Tree

Sun Grass Gold

 Labour

Scientist Golfer Teacher

Bus Driver Actor Farmer

 Capital

Computer Bridge Stapler

Aeroplane Shed Factory

 Enterpri
se
Janine Allis – Founder Barbara De Corti – Gordon Merchant –
of Boost Juice Founder of Enjo Founder of Billabong

Gerry Harvey – Founder of Mark Zuckerberg –

Richard Branson –
Harvey Norman Founder of Facebook
founder of Virgin