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Questions and Answers
What is the term for the spending that takes place irrespective of the level of income?
What is the term for the spending that takes place irrespective of the level of income?
What is the term for the increase in a country's production capacity?
What is the term for the increase in a country's production capacity?
What is the term for selling goods in another country at very low prices with which the local industry cannot compete?
What is the term for selling goods in another country at very low prices with which the local industry cannot compete?
What is the term for the official rules and regulations that can hinder service delivery?
What is the term for the official rules and regulations that can hinder service delivery?
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What is the term for the process of ensuring the supply of standardised articles through an automated mechanical process?
What is the term for the process of ensuring the supply of standardised articles through an automated mechanical process?
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What is the term for the smoothing of business cycles using monetary and fiscal policy?
What is the term for the smoothing of business cycles using monetary and fiscal policy?
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What is the main purpose of the Foreign Investment Grant?
What is the main purpose of the Foreign Investment Grant?
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What is an example of a spatial development initiative in South Africa?
What is an example of a spatial development initiative in South Africa?
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What is the main reason the new Special Economic Zone Programme is considered an improvement?
What is the main reason the new Special Economic Zone Programme is considered an improvement?
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What is the term for a designated area that promotes industrial development?
What is the term for a designated area that promotes industrial development?
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What is the purpose of the National Industry Policy Framework?
What is the purpose of the National Industry Policy Framework?
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What is a social indicator that affects the economy?
What is a social indicator that affects the economy?
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What is the primary focus of Section C in the provided text?
What is the primary focus of Section C in the provided text?
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What type of response is an introduction considered in the provided text?
What type of response is an introduction considered in the provided text?
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What should be avoided in the introduction according to the provided text?
What should be avoided in the introduction according to the provided text?
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What is NOT recommended in the body of the essay according to the provided text?
What is NOT recommended in the body of the essay according to the provided text?
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What is the total mark allocation for Section B?
What is the total mark allocation for Section B?
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Study Notes
Section B: Regional Development
- Good governance and investment in social capital are benchmark criteria for regional development.
- Import substitution is a trade policy implemented in South Africa, and its success can be evaluated.
Section C: Essay Guidelines
- The introduction should define the main concept related to the question topic.
- Avoid including parts of the question in the introduction and repeating any part of the introduction in the body.
- The introduction should not mention what will be discussed in the body.
Section C: Key Terms
- Autonomous consumption: spending that takes place irrespective of the level of income.
- New economic paradigm: a shift in economic thinking.
- Bureaucracy: official rules and regulations that can hinder service delivery.
- Mass production: the production of goods on a large scale.
- JIPSA: (no definition provided)
- Dumping: selling goods in another country at very low prices with which the local industry cannot compete.
- Economic growth: an increase in a country's production capacity.
- Copyright reserved: (no definition provided)
Section C: Integrated Manufacturing Strategy
- (no information provided)
Section 3.3: Special Economic Zones
- The Special Economic Zone Programme originated from national economic policies and strategies, such as the National Industry Policy Framework.
- The SEZ policy addresses challenges with current industrial development zones.
- Financial incentives, such as the Foreign Investment Grant and Critical Infrastructure Programme, promote regional development.
Section 3.3: Key Terms
- Spatial development initiative: a program aimed at promoting regional development.
- Industrial development zone: a designated area for industrial development.
Section 3.3: Questions
- The Foreign Investment Grant helps to promote regional industrial development by providing financial incentives.
- The new Special Economic Zone Programme is regarded as an improvement of the current industrial development zones because it addresses challenges with current industrial development zones.
Section 3.3: Demographics
- Population growth and life expectancy are characteristics of demographics as social indicators.
Section 3.3: Broad-Based Black Economic Empowerment (BBBEE)
- BBBEE is a policy aimed at promoting economic empowerment in South Africa.
- The success of BBBEE can be evaluated in terms of its impact on the South African economy.
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Description
This quiz focuses on the concept of Special Economic Zones in the context of national economic policies and strategies. It covers the challenges faced by industrial development zones and the role of the SEZ policy.
