Lesson 5

This week we reviewed the homework reinforcing supply and demand.  Next we moved on to the 3 categories of resources businesses need - human, natural and capital.  We listed examples within each category.  We then listed specific resources that would be needed for a lemonade stand... with tasty lemonade for all to try once we had the resources to make it!

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Homework:

1. Resources page in notebook - asking students to determine the type of resources and color-code them accordingly. 

2.  Next week in class we will have a quiz over the concepts we have learned so far this year.  It is important that our homeschool students get used to taking quizzes/tests to prepare them for the future.  My quizzes are not 'tricky' or 'complicated' - they are designed to give students confidence and ensure they are understanding what we are studying.