Making the most of your resources
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Resource | A resource is anything that we can use in order to meet our needs or achieve our goals.
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| Physical resource | These are goods that are made by people and can be used to provide other goods and services.
ex=buildings, phones, books, vehicles.
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| Natural resource | These include things that are provided by nature.
ex=land, water
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| Financial resource | This category includes all types and sources of money available to households and individuals.
ex=income from employment, savings
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| Human resource | This refers to your skills, abilities and experience. It also includes other people that are available to help you.
ex=ability to read and write, creativity, family and friends, teachers
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| Time resource | It is the most valuable resource and our most limited. You can't earn, borrow or buy more time.
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| Need | This is something we simply cannot live without, it s essential for our survival and plays an important role in our daily lives.
ex=food, water, clothes, shelter
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| Want | This is something that we would really like to have, while it may improve our life, it is not essential for our survival.
ex=phone, car
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| Money | This is anything of value that is accepted by people in exchange for goods and services.
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| Financial Cost | This is the money cost and is the price of the goods we have chosen to buy.
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| Opportunity Cost | This is the 'next best thing' we could have done with our money.
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| Financial Literacy | A set of skills that will enable you to manage your money in a planned and realistic way.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
SadhbhMcGlinn
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