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Explain the purpose of resource management - Leaving Cert Home Economics - Question 9 - 2009
Question 9
Explain the purpose of resource management. Give one example of efficient family resource management.
Worked Solution & Example Answer:Explain the purpose of resource management - Leaving Cert Home Economics - Question 9 - 2009
Step 1
Explain the purpose of resource management.
Answer
The purpose of resource management encompasses several key objectives:
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Efficient Use of Resources: The primary aim is to use available resources effectively to achieve specific goals. This involves maximizing outputs while minimizing inputs, which ensures that resources are utilized to their fullest potential without unnecessary waste.
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Reducing Waste: Another important aspect is to minimize waste. This includes strategies to recycle, reuse, or repurpose materials, leading to a more sustainable use of resources.
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Improving Quality of Life: Effective resource management ultimately contributes to an enhanced quality of life. By ensuring that resources are managed well, individuals and households can meet their needs more comfortably and sustainably.
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Goal Achievement: Resource management enables individuals and families to set and achieve their goals, such as financial stability, educational success, or environmental sustainability. It provides a structured approach to planning and implementation that aligns resources with objectives.
Step 2
Give one example of efficient family resource management.
Answer
One example of efficient family resource management is money management and budgeting. This involves tracking income and expenses to ensure that family members are living within their means while also saving for future goals. Through effective budgeting, families can allocate funds wisely, prioritize essential needs, and reduce unnecessary spending, leading to better financial stability and reduced stress.