What are the 3 Ingredients of Economic Production? @CompassClassroom
What are the 3 Ingredients of Economic Production?  @CompassClassroom
Uploaded June 2025 | Updated September 2026, 1 hour ago
Private property and production are key drivers of prosperity. In economics, wealth creation relies on three essential factors: land (the resources of creation), labor (human effort), and capital (tools and goods that aid production). From sheep's wool to finished yarn, each step involves work and ingenuity.

Learn more about the Economics for Everyone curriculum: compassclassroom.com/shop/product/economics-for-everybody

If you’re confused about teaching high school economics for homeschool, this is the place to begin. RC Sproul, Jr.’s consummate teaching is illustrated with hundreds of fun and interesting clips from old movies, cartoons, and instructional videos. The goal of this series is to make learning economics interesting and enjoyable.

This course covers:

- How economic freedom is directly related to religious freedom;
- The roles of trade, markets, money, and entrepreneurship;
- The differences between socialism, interventionism, and free markets;
- How stewardship is at the heart of a healthy economic system.

Explore 2 free lessons (2 videos) from Economics for Everyone: mycompassclassroom.com/economics-for-everybody-sample-lessons

Dr. R.C. Sproul, Jr. has taught philosophy and theology at Reformation Bible College, and been a teaching fellow for Ligonier Ministries. Since college, economics has been one of his primary areas of expertise. He delights in explaining how the glory of the gospel truth means that Jesus changes everything. He has eight children.

At Compass Classroom, we want to help you teach your kids to think Biblically about the world around them. Whether it be history, science, government, economics, or music, a Christian worldview is the best way to navigate our increasingly pagan culture. Thousands of homeschool families and co-ops already use our curriculum, but we’re constantly hearing parents say they’re thrilled to have discovered us. Try out all our curriculum free for two weeks: compassclassroom.com/shop/product/compass-classroom-homeschool-membership

Credit: This product includes everything necessary to earn 1/2 credit in economics. If you desire to take this course for one full high school credit, we recommend pairing it with the excellent economics textbook Basic Economics (4th ed.) available in our store.

Perfect for homeschool kids!

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What are the 3 Ingredients of Economic Production?

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