Economic Resources: Land- Our resources consist of sand, soil, trees, vines, rocks, and other things that the island consist of. Human Capital- Our human capital is our knowledge with building and our ability to construct things well. Another capital is our strength and survival instincts. Physical Capital- Our physical capital is the supplies given to us such as the compass, knives, axe, life preservers, and etc.
Labor- We will be the labor that creates this tent. Entrepreneurial Abilities- Our entrepreneurial abilities are that the tent will be created to benefit us. It will provide us with shelter, warmth, protection.
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.
Three Basic Questions: 1. What will be produced? - We will be producing a tent. The roof will also be waterproof because we will use the poncho’s to prevent water from leaking in from the roof.
3. For whom will it be produced? - This tent will be produced for us and whoever else somehow gets stranded on this island.
Biological/Societal Needs Food - 1 person will be on land, hunting for deer and other animals with the knife. The other person will be fishing with a paddle broken in half to create a spear. Water - We will collect rain water by using one of the ponchos to hold the water. This water will already be filtered. Comfort - Under our tent, will be two beds that we made out of leaves and vines.
Luxury - We will also have hammocks to relax by the beach. Security - Our security is, 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 each other. We will entertain each other by playing games with each other and competing against each other.
After being stuck on this island, we were able to construct a tent to help us to survive on the island. Using the resources and items available to us and on the island, we are able to determine a strategy to survive.