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Making the most of your Resources - Coggle Diagram
Making the most of your Resources
Types
Physical/capital
Made by people
Examples
Phone
Car
Buildings
Ball
Computers
Travel, communicate, enjoy time
Natural
Provided by Nature
Examples
Land
Water
Financial
Buy goods
Examples
Income
Borrowed money
Savings
Money
Human
People help you
Your skills and abilities
Examples
Teachers
Managers
Parents
Carers
Librarians
Time
Can't get more
Gather other resources
Most valuable
Help to achieve goals
Limited
Make choices
Useful
Access more important than owning
Needs and Wants
Need
Essential
Can't survive without it
Examples
Food
Shelter
Clothing
Water
Want
Like to have
Not essential
Examples
Phone
Books
Musical instruments
Car
Game consoles
Cost
Opportunity cost
Go without it make choice
Financial cost
Choose to buyj
Priority
More important than others
Money
value accepted - exchange goods