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LESSON: TONY’S BREAD
Lesson Summary
Tony dreams that one day he will become the most famous baker in all of northern Italy! He loves his precious daughter, Serafina, and thinks that no man is worthy of his daughter. Angelo, a wealthy nobleman from Milano, passes by Tony's bakery and sees Serafina. Suddenly, it appears that Angelo may have the answer to Tony's dreams.
Concept: Specialization
Definition: People specialize when they produce only some of the goods and services they consume, then trade with others to get more of the things they want.
Comprehension Questions
What did Tony do to earn a living?
Tony was a baker. He specialized in producing good, simple bread.
Why do you think Tony produced only bread?
He was good at it. People loved it and bought his bread. By specializing in bread, he could earn enough money to buy the other goods and services he wanted.
What were Tony's dreams?
Tony wanted to be the most famous baker in Milano. He also wanted the best for his precious daughter, Serafina.
Why was Tony sad and depressed when he went to Milano?
Tony was depressed because he felt that he could not compete with all the fine bakeries and pastry shops in Milano.
What special kind of bread did Tony decide to produce?
He produced a new, special bread using the lightest, richest dough, raisins, and candied fruit.
What productive resources did Tony use to produce his new bread?
Natural resources - water, soil, sunshine to make wheat/flour;
Human resources - Tony, the baker;
Capital resources - building, pans, ovens, tables, etc.
Did Tony succeed in setting up the bakery in Milano?
Yes. His special bread baked in a flower pot was well received by many customers. Tony was an entrepreneur who persisted in trying out different ways to make his product attractive to his consumers. To this day, the panettone of Milano or Tony's bread is eaten and enjoyed, especially at Christmas.
Other Concepts: Goods and Services, Entrepreneur, Productive Resources
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