Explain the factors influencing the size, location, and population of communities. Explain the relationship between the physical setting of a community and its ability to satisfy the wants and needs of its people. Identify resources used in the production of a product. Examine the importance of location in a real estate transaction. Examine how people use the resources in their environment.
Producers combine natural, human and capital resources to make goods and services.
Producers must choose what goods or services to produce, what resources to use and in what combination to use them. Sound decision-making skills help us make informed, satisfying decisions or choices. Opportunity cost is the single most valuable opportunity give up when a choice is made. My friends and I spent a lot of time there. It was our clubhouse and our second home.