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Mindmap

Managing resources

Time for Business sample Business studies GCSE Englisch

Mind map on managing resources: needs vs wants, types of resources and resources are

Mind map: Managing resources

Inhalt der Mindmap

Managing resources

  1. Anything we can use to meet our needs

    • Needs vs wants
      • Need = necessary for survival
      • Want = something we'd like to have
  2. Types of resources

    • Physical/capital resources
      • Used to make other resources
    • Natural resources
      • Provided by nature
    • Human resources
      • Skills, abilities, experiences
    • Time resources
    • Financial
      • Money available to households
        • Being money smart
        • Costs
          • Financial costs
          • Opportunity costs
        • Making choices
  3. Resources are:

    • Scarce
    • Useful
    • Valuable

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Beschreibung
Making the best of your resources
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