Mind map
Managing resources
Mind map: Managing resources
Map content
Managing resources
Anything we can use to meet our needs
- Needs vs wants
- Need = necessary for survival
- Want = something we'd like to have
- Needs vs wants
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
- Money available to households
- Physical/capital resources
Resources are:
- Scarce
- Useful
- Valuable
Information
- Description
- Making the best of your resources
- Created by
- Time for Business sample
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