Economic Resources: Land - Our resources consist of sand, soil, trees, vines, rocks, and everything else that the island consists of. Capital - Human - Our human capital is our knowledge with building things and our ability to construct things well. Another capital is our strength and survival instincts that will help keep us alive. Physical - Our physical capital is the supplies given to us such as the compass, knives, axe, life preservers, etc.
Labor - We will be the labor that creates this canopy. Unless some of the deer want to help us out. Entrepreneurial Abilities - Our entrepreneurial abilities are that the canopy will be created to benefit us 3. It will provide us with shelter, warmth, protection, and water that we will be able to filter and drink.
Three Basic Questions: 1. What will be produced? - We will be producing a Canopy with a rain gutter that collects water for us. The roof will also be waterproof because we will use the poncho’s to prevent water from leaking in from the roof.
2. How will it be produced? - We will be producing this by using the resources around us and the supplies we are given. We will use the axe to chop trees down. We will use leaves and vines by cutting them off trees with a knife. These leaves and vines will be used to provide shade and tie everything together.
3. For whom will it be produced? - This canopy will be produced for us 3 and whoever else somehow gets stranded on this island after us.
Biological/Societal Needs Food - 2 people will be on land, hunting for deer and other animals with the 2 knives. The other person will be fishing with a paddle broken in half to create a spear. Water - The gutter built on our canopy collects rainwater. We will filter and boil the water so it is drinkable. Comfort - Under our canopy, will be 3 bed that we made out of leaves and vines.
Luxury - We will also have hammocks to relax by the beach. Security - Our security is our fir pit always being lit. Also, at all times there will be one person on watch that will prevent the others from being attacked by the animals and will be armed with a spear and knife. Entertainment - Our entertainment is a volleyball we found floating with us named Wilson. We talk with him everyday.