Lesson 10: Applied Management at the Family Level

• What are the economic activities in which families participate in?

  Consumption, Production, Allocation, Distribution
• Families are the only unit that can produce their own resources
• Management of resources is essential because it can determine the relationship among family members.
• What are the factors that can change the unit's dynamics?

  schedule, geographical location, financial capability, or family structure
• Effective and efficient management reduces stress and issue hence it reduces tension as well as ensure satisfaction of the family
• This process is necessary for the family's survival since it applies to all areas of life and all life stages