Factors that Lead to Economic Growth

Factors that Lead to Economic Growth

Activating Strategy: Concept Attainment Activity How do natural resources affect a countrys economy?

SS6E3c, SS6E7c, SS6E10c. Describe the role of natural resources in a countrys economy. Use the Factors that Influence Economic Growth Graphic Organizer to take notes during the lesson.

Economic Growth There are 4 main factors that influence economic growth within a country:

Land [natural resources] available Investment in Human Capital Investment in Physical Capital Entrepreneurship The presence or absence of these 4 factors determine the countrys Gross Domestic Product for the year Natural Resources

Natural Resources are materials or substances that occur in nature and can be used for economic gain. Natural Resources With a seat partner, discuss the following question:

How does the presence or absence of natural resources impact a countrys economy [GDP]? Natural Resources Countries that have a lot of natural resources are able to use them to produce goods and services cheaper

than a country that has to import natural resources. Therefore, a country with a lot of natural resources USUALLY has a greater GDP than a country with little natural resources. Comparing Natural

Resources Worksheet

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