UNIT 1 Personal Resources – Needs and Wants


We are going to look at five types of personal resources available to an individual and a household.


SADIE IS A YOUNG GIRL FROM CLARE WITH AN INTEREST IN TRADITIONAL MUSIC.


Are you aware of your personal resources?


Resource Explanation Human


resources


Financial resources


Physical resources


Natural resources


Time


Sadie’s example


People in an individual’s life who help that person.


Sources of money (income) which allow people to buy goods and services that satisfy their needs and wants.


Goods made by people, such as buildings and equipment, help the production of other goods and services.


Resources provided by nature. For example, land and water.


A resource which is limited. Time should be used wisely.


Sadie is interested in traditional music and attends music lessons so she can learn to play the concertina.


Sadie’s music teacher charges €10 an hour to teach her how to play the concertina. Sadie pays for her music lessons from pocket money she receives from her parents.


Sadie’s physical resources include the concertina and the Kilfenora community hall where she takes her lessons.


Sadie’s concertina is made out of wood, which comes from trees.


Sadie uses some of her time to practise her concertina and play in concerts.


Point of Information


List four resources you use in life and give an example of how you Write It! use them.


EXAM PREPARATION!


State the five types of resources available to an individual. Explain each of them using an example. Apply it to another unit we will study.


Resources are also assets. An asset is something of monetary (money) value.


P. 3


Go to page 3 in the activity book.


5


STOP! WRITE IT!


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