Provide examples of each of the factors of production in Kentucky.
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Identify and describe what goods and services are produced in different places and regions in Kentucky.
Predict how producers in colonial Kentucky used the factors of production to make goods, deliver services and earn profits.
Differentiate between buyers (consumers) and sellers (producers).
Explain why the goods and services people in a community produce are traded with those produced in other communities.
Explain the role of producers, consumers, products and labor in economic markets.