Resources and their values

We measure a things value in terms of

• beans

• money

• favours

• snacks

Raw materials and Manufactured goods have different

Manufactured goods have a higher value than raw materials

• True

• False

Raw materials are sold for higher prices than manufactured goods?

• True

• False

Why are raw materials cheaper than manufactured goods?

• Raw materials, like freshly cut trees, have not been made into anything useful yet.

• Raw materials are not useful

• Raw materials are easily accessible to everyone.

Manufactured goods are made by changing raw materials

• True

• False

Changing raw materials to manufactured goods can involve many

Define Process?

• to count all the money in a money bag

• an attempt to measure the length and width of a table

• a set order of actions that lead to a change or result

Examples of raw materials

• iron ore

• bicycle

• pile of wooden logs

• dressing table

Examples of manufactured goods

• gold

• computer and moniter

• bags of coal

• wooden dressing table