Grade 7 EMS Summary: Accounting Concepts

Netsport

Description

A mind map summary of the key accounting concepts.

Sujets

• Littérature Sud-Africaine
• Littérature sud-africaine
• Collège
• Secondary education in France
• collège
• Collège
• Collège
• Post-primaire

Informations

• Publié par: Netsport
• Date de parution: 01 janvier 2022
• Nombre de lectures: 1
• Langue: English

Extrait

electronics, music, swimming pools

protection from external threats

PRIMARY NEEDS

security needs

Services - cannot touch (intangible)

Needs And Wants

structure, law & order, rules

belongings will not be taken or broken

friends to be part of a team/group

safe environment

to belong somewhere

to be good at something

to give & receive love

to be recognised

to feel worthy, valuable

SECONDARY NEEDS

to be respected

can be replaced

can never run out

oil, coal, gold

physical needs

oxygen food water sleep

protection from weather

not to be hurt by others

renewable resources

RESOURCES

non-renewable resources

copyright www.studychamp.co.za

wood, sunlight

Basic Needs:

NEEDS

community needs

food, water, shelter, security

Satisified by goods & services

collective needs - belonging to everyone

Understanding Economic Activity

Basic Survival Needs

entertainment, sport, recreation

medical care

something you cannot live without

you cannot survive without it

household needs

something you would like to have

not necessary for your survival

social needs

roads

hospitals

Police Force

buses & trains

libraries & schools

street lights

large group of people working or living together

food, water, shelter, security in your house

education and training

protection from criminals

Need to belong, social interaction

public goods and services

can run out cannot be replaced

self-esteem needs

groups of individuals living together with specific needs

to achieve success

Goods - see & touch (tangible)

WANTS

economic security

good legal system, laws, courts and prisons

needs of country

All things used to produce goods & services