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. Now I want you to have it. Clean it up, take good care of it, and be as happy with it as we were. Discuss with the students what they would do next, how they might use the gift, and whether there other ways to use it besides as a clubhouse.