Lesson Plan: Resources Development

Subject: Social Studies

Class: Basic 5 / Primary 5

Term: Second Term

Week: Week 5

Age: 9–11 years

Topic: Resources Development

Sub-topic: Factors of Production and Sources of Income

Duration: 40 minutes

Behavioural Objectives

At the end of the lesson, pupils should be able to:

Explain the meaning of resources and capital.
Identify the four factors of production.
Mention sources of income available for individuals and government.
Differentiate between wages and salaries.

Keywords

Resources
Capital
Factors of Production
Labour
Entrepreneurship

Set Induction

The teacher begins the lesson by asking the pupils:

“Have you ever thought about how people start businesses or where they get the money from?”
“Can you name something you need to start a business?”
This discussion introduces the concept of resources and their development.

Entry Behaviour

Pupils are aware of the concept of savings, as discussed in the previous lesson.

Learning Resources and Materials

Wall charts showing the factors of production.
Pictures of entrepreneurs, workers, and land resources.
Relevant online materials and textbooks.

Building Background/Connection to Prior Knowledge

The teacher connects the topic to the previous lesson on Causes of Poor Savings, emphasizing how savings contribute to resource development.

Embedded Core Skills

Critical thinking
Financial literacy
Communication
Creativity

Reference Books

Lagos State Scheme of Work
Relevant Social Studies textbooks

Instructional Materials

Pictures of farmland, workers, and business setups
Visual aids depicting the flow of income

Content

What are Resources?

Resources refer to anything that can be used to meet human needs and improve lives. They are essential for starting businesses, producing goods, and providing services.

Factors of Production

Land:
- Land is a natural resource used for farming, construction, or mining.
- Example: Farmlands for crops or sites for factories.
- Reward: Rent or lease payments.
Labour:
- Labour is the physical and mental effort of people used to produce goods and services.
- It can be skilled, semi-skilled, or unskilled.
- Reward: Wages or salaries.
Capital:
- Capital includes money and assets used to produce more wealth.
- Examples: Machinery, buildings, tools, and money.
- Reward: Interest.
Entrepreneurship:
- Entrepreneurs combine the other factors of production to create goods and services.
- They take risks and manage businesses.
- Reward: Profit.

Sources of Income for Individuals

Personal savings
Loans from banks
Contributions from cooperative societies
Borrowing from friends or family
Earnings from investments

Sources of Income for Government

Taxes and levies
Fines for breaking laws
Sale of government assets
Registration fees for businesses
Customs and excise duties

Examples of Resources

Farmlands used for food production
Skilled workers like doctors and teachers
Money invested in a new business
Buildings used for offices
Machines used in factories

Presentation

Step 1: Revise Previous Topic

The teacher revisits the topic of Causes of Poor Savings, emphasizing its impact on starting or maintaining businesses.

Step 2: Introduce the New Topic

The teacher explains that today’s lesson will focus on the resources needed for production and the ways to develop these resources.

Step 3: Pupils’ Contributions

The teacher allows pupils to mention examples of resources they know. The teacher writes their responses on the board and corrects misconceptions.

Teacher’s Activities

Explain the factors of production using visual aids.
Highlight the importance of capital and how it is raised.
Give examples of income sources for individuals and governments.

Learners’ Activities

Listen attentively to the teacher.
Participate in discussions about resources and production.
Identify the factors of production from pictures.

Class Activity Discussion

15 FAQs with Answers

What is capital?
Capital is money or assets used to start a business.
What are the factors of production?
Land, Labour, Capital, and Entrepreneurship.
What is the reward for land?
Rent.
What is the reward for labour?
Wages or salaries.
What is entrepreneurship?
It is the ability to manage resources to produce goods and services.
What is the reward for capital?
Interest.
What is the reward for entrepreneurship?
Profit.
Why do we need resources?
To produce goods and services that meet human needs.
What is an example of land as a resource?
A plot of land used for farming.
What is labour?
Human effort used in production.
What is the difference between wages and salaries?
Wages are paid daily or weekly, while salaries are paid monthly.
Give two sources of income for individuals.
Personal savings and loans from banks.
What is an example of government income?
Taxes collected from citizens.
What is a resource?
Anything that can be used to meet human needs.
Give one example of entrepreneurship.
Starting a business to produce goods.

Evaluation

Fill-in-the-Blank Questions

The four factors of production are ________, labour, capital, and entrepreneurship.
a. Air
b. Land
c. Water
d. House
Answer: b
The reward for labour is ________.
a. Rent
b. Profit
c. Salary
d. Interest
Answer: c
________ combines all other factors of production.
a. Capital
b. Labour
c. Entrepreneurship
d. Land
Answer: c

(Continue up to 15 questions…)

Conclusion

The teacher summarizes the lesson, emphasizing the importance of understanding resources and their development. The teacher reviews pupils’ work and provides feedback.

Assignment

Read about Resource Distribution and prepare for the next lesson.

SEO Details

Title: Understanding Resources Development for Primary 5
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Meta Description: Learn about resources development, factors of production, and income sources in this detailed Primary 5 Social Studies lesson plan.