Changing the way you learn

Making the most of your resources

What are resources?
1. Anything we can use to meet our needs or wants
  1. Need = necessary for survival, e.g. food, clothing, shelter
  2. Want = something we'd like to have, e.g. holiday, latest games console
Types of resources
1. Physical/capital resources
  1. Used to make other resources
2. Natural resources
  1. Provided by nature
3. Human resources
  1. Skills, abilities, experiences
4. Time resources
5. Financial
  1. Money available to households
    1. Being money smart
    2. Costs
      1. Financial costs
      2. Opportunity costs
    3. Making choices
Characteristics of resources
1. Scarce
2. Useful
3. Valuable

Making the most of your resources

	Created by Time for Business sample over 8 years ago

	Copied by Time for Business by Edco about 8 years ago