How can a mobile card reader impact the economic growth of a restaurant? Scholars investigate the concept of growing a business by using human resources in addition to tools and equipment. The 15th podcast of a 21-part series on economics researches the way businesses incorporate methods into their services that allow them to complete business transactions faster. Scholars see how the factors of production improve while offering the same quality service to the customer.

Concepts

economic growth, economics, factors of production

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Additional Tags

social studies

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Instructional Ideas

• Invite a local business person as a guest speaker to talk about how they have grown their business with technology 
• Extend the lesson with a reading on the different kinds of mobile credit card readers available to businesses 

Classroom Considerations

• Podcast is around 13 minutes in length

Pros

• Lesson includes a podcast and video for classroom use
• Provides a printable written transcript of the podcast

Cons

• None

Common Core

RH.6-8.1 RH.6-8.2 RH.6-8.3 RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.11-12.1 RH.11-12.2 RH.11-12.3