Question

Assume that your are from any one of the following family how can you utilise the limited resources to fulfill your needs

Farmers

Petty shoper

Flowers vender

Answer 1

Coming from a farmers family, the available resources include farm produce, land and money from selling the produce. Money obtained from selling the produce will be used to fund my education so that I can get a well paying job. From the employment salary, I will save part of the money while I use some to meet my short-term needs. The savings will latter be invested after they have been accumulated to a significant amount. Part of the investment will include expanding the farming practice. The profits obtained from the investments will be used to meet my long-term needs.