Resources Development Social Studies Primary 5

Resources Development

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Subject   :  Social Studies


Class  : Basic 5 / Primary 5  / Class 5


Term : Second   Term


Week  : Week 5


Topic  :

Resources Development


Previous Knowledge : The pupils have previous knowledge of

Causes of poor savings

that was taught  in their previous classes

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

  • Explain the meaning of capital
  • Say the sources of capital that is available for individuals
  • Mention sources of income or funds available to individuals, private institutions  and government

Instructional Materials 

  • Wall charts
  • Pictures
  • Online Resource
  • Textbooks

Methods of Teaching 

  • Role modelling
  • Questions and Answers
  • Explanation
  • Discussion
  • Recitation
  • Imitation
  • Story Telling

Content :  

What are resources ?

Resources are the income that are available for individual utilizations . In production , the factors of production that is available for every everybody  are Land , Labour , Capital and entrepreneurship  .


Factors Of Production 

Land : Land is  a free gift of nature that is freely available and yet very scare for productive enterprise because of land ownership or land tenure system . It is the place that we carry out our daily business activities .Plots of land are very expensive most especially when someone is buying for commercial or production purpose . The reward for land use may be outright purchase or rent .

Labour :  Labour is man mental and physical efforts that is directed towards the creation of goods and services that will satisfy human want or needs . Labour may be skilled , semi – skilled , or non – skilled . The reward for labour may be wages , income or salary .

Capital : Capital entails all the resources that are set aside towards the production of a new product or towards starting up a new business or enterprise . Capital may include motor vehicles , landed property , building or a simple patent copyrighted idea. Capital is that parts of someone’s wealth that is set aside towards the creation of more wealth . The reward for capital is interest .

Entrepreneurship : Entrepreneurship deals with the overall supervision and coordination of all other factors of production in order to get the best out of them . It is the entrepreneur that takes the initiative to combine other factors of production together . The reward for  entrepreneurship is profit .


Sources of Income for Personal Individual Business

  • Personal savings
  • Loans from Banks
  • Loans from Cooperative societies
  • Micro Finance house ( OWO LAPO )
  • Borrowing from Friends

Sources Of Funds Available for Government Establishment 

  • Taxes
  • Levies
  • Fines
  • Sales of Government Out dated or Obsolete equipment
  • Fees from Issuing out Driver’s licenses
  • Donations from corporate organizations
  • Custom and excise duties
  • Registration of Business names fees


The topic is presented step by step

Step 1 : The class teacher revises the old topic

Step 2 : The class teacher introduces the new topic

Step 3 : The class teacher allows the pupils to give their own contributions and gives room for pupils” participation


Class Teacher And Pupils Activities. Interaction or  Participation 

This involves class teacher  and pupils interaction , conversation , imitation or modeling through discussion , play method or just by recitation or asking and answering questions that are related to the topic that has just been taught

  • The class teacher ask the pupils to mention two ways of raising money for our business
  • Which one will each pupil prefer when they grow up , to be a salary earner or to be self employed
  • The class teacher may ask the pupils what the importance of daily contributions


  1. What is production ?
  2. What are the factors of production . Mention them
  3. What is the reward for capital
  4. What is the difference between wages and salaries


The class teacher does the necessary corrections and he or she goes round to mark .



The class teacher should stimulate the pupils’ interest  on

Resources Distribution

and make them to read or learn about it as they prepare for the next lesson .


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