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Your resources and their management

February 6, 2020BlogEconomics and technical

  • Managing your resources wisely to meet your goals is called management.
  • This can be shown in the following diagram.

 

Resources need to be used wisely are very helpful and these are different in different situations.

  • Personel resources are your own energy, skills, knowledge, and imagination to achieve your goals e.g. Time is also one of the resources and should be used wisely. Personel resources are most useful tools.
  • Material resources are money and food. Both are needed for a good healthy life. You can get all the facilities with money. While food with good choices gives you a good healthy life.
  • Social resources also help you to lead a good happy life. If you go to some good restaurant and you may enjoy the atmosphere provided by them. While your friends and family are a good source of love and moral support.
  • Life depends upon natural resources like air, water, land agriculture, and petrol. We need water to drink, air to breath, and land for an agriculture food resource. Fuel is used in automobiles, electrical appliances, and heating system.

 

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