Capital resources
Capital resources are people-made products utilized in creating goods and services. (Producers are people who provide such goods and services.) Capital resources are used to generate profits or income. They can also be defined as goods "used to make other goods and services" (Capital, 2013, par. 1). In a business or production setting, computers, tools, and even filing cabinets and staplers are considered to be capital resources. A capital resource is a type of good. "Goods can often be classified as either consumer goods or capital goods. For example, when a person buys a truck for personal use, the truck is a consumer good. When a business buys a truck to transport products, the truck is considered a capital good" (Capital, par. 2).
The lesson "Lemonade for Sale" has been developed by the Federal Reserve Bank of Richmond to allow students in grades 2-3 to explore the economic concepts of productive resources comprising capital resources, human resources, and natural resources, as well as producer and consumer. Extension activities integrate mathematics and language arts.
The grades 4-6 lesson "The Doughnuts," is based on a story in Homer Price, by Robert McClosky, and focuses primarily on capital resources, as well the concepts of increasing productivity, law of demand, and quantity demand.
http://financeintheclassroom.org/passport/sixth/lang_art.shtml
