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In economics, factors of production are the resources that people use to produce goods and services; they are the building blocks of the economy. Economists divide factors of production into four categories: land, labor, capital and entrepreneurship.

College enrollment for recent high school graduates has dropped, and some people are challenging the notion that college is the best route for the majority of students. This article examines whether college is still a good investment.

In this article, we move beyond just pay and introduce several tangible and intangible benefits to consider when selecting a job.

Students will learn and review new vocabulary from the story (spend, wants, and choice) by completing a spelling activity, and complete a statement using the words.

The November 2021 issue of Page One Economics® explains how a higher mandated wage may lead some firms to substitute capital for labor.

The lump of labor fallacy holds that there is a fixed amount of work to be done, which determines the number of jobs in an economy. If this were true, new jobs could not be generated, just reallocated.

Spending patterns change over time because of changes in income, education, the structure of our families, and technology. The April 2018 issue of Page One Economics: Focus on Finance addresses how phone technology has changed our lives and our budgets.

This issue of Page One Economics discusses how income and wealth inequality are measured, what drives differences among individuals and households, and how growing inequality may affect the overall economy.

This series of questions is designed to accompany the Kansas City Fed's video series on Opportunity Occupations, and is designed for both a 6-8 and 9-12 with a student and teacher version that contains suggested answers.

Students are introduced to the roles of entrepreneur and investor in the context of starting a business through the book, Isabel’s Car Wash. After discussing the story, students are divided into entrepreneur and investor groups for a business start-up.