Resources in a family’s standard of living are categorized as:

Correct option is B

A family’s standard of living depends on the availability and effective utilization of human resources (skills, knowledge, time, and energy) and material resources (money, property, and physical assets). These two categories complement each other to meet the needs and improve the quality of life for the family members. Together, they ensure a balanced and sustainable approach to household management and resource utilization.
Information Booster
· Human Resources: These include time, skills, knowledge, energy, and labor contributed by family members. Proper management of human resources ensures that the family meets its goals efficiently.
· Material Resources: These comprise tangible assets such as money, property, and physical goods. These resources provide the means for purchasing goods and services essential for the family’s well-being.
Additional Knowledge
· (a) Human resources – Material resources: A subtraction implies these resources are independent of each other, which is incorrect since they are interdependent.
· (c) Human resources × Material resources: Multiplying these concepts does not reflect their interaction realistically.
· (d) Human resources ÷ Material resources: This division implies a comparison or ratio that doesn't align with how resources are utilized in a family setting.