6461220
Description
Mind Map by Time for Business by Edco, updated more than 1 year ago
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Making the most
of your resources
- What are resources?
- Anything we can use to meet our needs or wants
- Need = necessary for
survival, e.g. food,
clothing, shelter
- Want = something we'd
like to have, e.g. holiday,
latest games console
- Need = necessary for
survival, e.g. food,
clothing, shelter
- Anything we can use to meet our needs or wants
- Types of resources
- Physical/capital resources
- Used to make other resources
- Used to make other resources
- Natural resources
- Provided by nature
- Provided by nature
- Human resources
- Skills, abilities, experiences
- Skills, abilities, experiences
- Time resources
- Financial
- Money available to households
- Being money smart
- Costs
- Financial costs
- Opportunity costs
- Financial costs
- Making choices
- Being money smart
- Money available to households
- Physical/capital resources
- Characteristics of resources
- Scarce
- Useful
- Valuable
- Scarce
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