Management Of Family Resources

Lesson 03 : Concept Of Family Resources Management

Resources

Management in the family occurs at different levels. In each level there is demand for the use of resources. Resources are the assets that can be used to accomplish the desired goals of an individual or a group or an institution. Resources are the means for achieving goals or for meeting the demands placed upon the family by certain events. They denote any possession on hand or in reserve and are available for use in the family. These resources may be material resources like money, assets in the family etc. or non-material resources like time, knowledge skill and abilities of the people etc. The resources may have economic value like house, land etc. or non economic value like public facilities (roads, schools etc), human power and knowledge etc.