Economic Resources Land: Sand, soil, trees,vines, rocks, an some other things that the island consists of.
Human Capital is the knowledge of building and constructing things, along with our survival instincts and strength
Three Basic Questions 1.What will be produced?-Tents, huts, and other pieces of clothing for ourselves. 2.How will it be produced?-The axe and knives will be used to hunt to obtain food and make clothes. The paddles will aid in constructing the tents since there's no boat to leave, rendering it for not many uses. 3.Who will it be produced for?- For my partner and myself and whoever may find themselves lost on the island.
Physical Capital: Supplies given to us such as knives, compass, axe ,life preservers, etc.
Labor:The labor being used will be ours when we create tents and huts for shelter. Entrepreneurial Abilities- The tent or hut that we create for ourselves will benefit us by providing us with shelter, warmth, and protection from the outside environment.
Biological/Societal Needs Food: We will make sure we eat as much as we can but not to be greedy about it because we don't know when we will be rescued and we know the finite amount of food available on the island. Hygiene: Find a fresh spring where we could shower/bathe often. Entertainment: We can play games and have contests.