A resource is something you need to achieve a goal or complete a task. Consumers use the resources available to them to achieve their goals. These include:
Equipment Information
Creativity and
ideas
Consumer resources
Knowledge and
skills Time 9 8 7 6 5 10 11 12 1 Money 2 3 4
The wise consumer We must be able to distinguish between the things we want and those we actually need.
Needs are things we cannot do without, something you must have to survive and live, e.g. food, water, clothing, shelter and warmth. Wants are things we would like to have but do not need to survive, e.g. holidays, expensive cars and smart phones.
24.4
A priority is something that is very important to you. A luxury is something inessential that’s difficult to get – either due to expense or rarity – that is extravagant and brings great pleasure to the owner.
Needs and wants Today it can be difficult to decide what is a need and what is a want. People consider consumer goods like washing machines, freezers or televisions a need, though our grandparents survived without them. In modern society, it often comes down to money. A family on a low
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Strand 2: Responsible Family Living Section 3: Competent Consumers
