Factors of Production & Types of Industry Intro Lesson - Economics Activities

This lesson introduces the factors of production and types of industry using real-world examples. Say “chocolate chip cookie” or “potato chips,” and suddenly you have your class’s full attention. The activities are engaging for students, and the guided 6-E format is easy to use - everything you need is included!

Begin with a “List It” warm-up to explore the complexity of manufacturing products, followed by an introduction to key vocabulary and concepts with guided instruction and fill-in notes. Next, students apply their understanding through a “How It’s Made” case study examining Lay’s Potato Chips. Then, students explore future outcomes with a “What Would Happen If…” activity focused on chocolate production. Finally, students complete a “Show What You Know” exit ticket activity to assess their learning.

What’s Included:

• Guided Lesson Slides
• Fill-in Notes
• 2 Practice Activities
• Answer Keys
• Teacher Guide

Why Teachers Love This Lesson:

• Engages students through relatable, real-world examples
• Reinforces economic concepts through structured activities
• Encourages application of ideas to real-world scenarios
• Clear format makes implementation and grading easy

Skills Covered:

• Understanding the factors of production
• Analyzing types of industry and how goods are produced
• Applying economic concepts to real-world examples

Big Ideas:

Economy, Industry, Agricultural Industry, Manufacturing Industry, Service Industry, Factors of Production, Natural Resources, Raw Materials, Land, Labor, Capital, Entrepreneur, Scarcity, Shortage

Aligned with Social Studies Standards:

• CCSS, TEKS, ELPS & NCSS

Total Pages:  71

Time:  90 Minutes

Grades: 5-12