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What type of businesses are Spaza shops and Street vendors examples of?
What type of businesses are Spaza shops and Street vendors examples of?
What is the main distinction between the private and public sectors?
What is the main distinction between the private and public sectors?
What is the primary role of government departments in relation to businesses?
What is the primary role of government departments in relation to businesses?
What is the main objective of business associations?
What is the main objective of business associations?
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Which of the following is an example of a government department?
Which of the following is an example of a government department?
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What is the public sector composed of?
What is the public sector composed of?
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Which of the following is NOT a government department?
Which of the following is NOT a government department?
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What type of sector does the business owned by private individuals or groups belong to?
What type of sector does the business owned by private individuals or groups belong to?
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What is the main difference between the formal and informal sectors?
What is the main difference between the formal and informal sectors?
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Which of the following is an example of an unregistered business?
Which of the following is an example of an unregistered business?
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The ______ sector uses raw material provided by nature.
The ______ sector uses raw material provided by nature.
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The primary sector provides its products to the ______ sector for further utilisation or directly to the consumer for consumption.
The primary sector provides its products to the ______ sector for further utilisation or directly to the consumer for consumption.
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The ______ sector receives raw materials from the primary sector and processes them into a form more suitable for consumption.
The ______ sector receives raw materials from the primary sector and processes them into a form more suitable for consumption.
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The primary sector is divided into ______ and agricultural products.
The primary sector is divided into ______ and agricultural products.
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Production in the agricultural sector comprises activities such as ______, fishing, forestry, etc.
Production in the agricultural sector comprises activities such as ______, fishing, forestry, etc.
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Capital goods are used for the production of other goods and ______.
Capital goods are used for the production of other goods and ______.
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The contribution of the primary sector to the total economy of a country becomes less important as the economy develops from a ______ and agricultural economy to an industrial economy.
The contribution of the primary sector to the total economy of a country becomes less important as the economy develops from a ______ and agricultural economy to an industrial economy.
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Recycling is becoming more and more important due to the fact that these raw materials are not replenishable and can be ______.
Recycling is becoming more and more important due to the fact that these raw materials are not replenishable and can be ______.
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The ______ sector comprises industries that provide auxiliary services to the primary and secondary sectors.
The ______ sector comprises industries that provide auxiliary services to the primary and secondary sectors.
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The tertiary sector includes industries such as ______ and banking.
The tertiary sector includes industries such as ______ and banking.
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The tertiary sector is also known as the ______ sector.
The tertiary sector is also known as the ______ sector.
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In a developed economy, the contribution of the tertiary sector to the total economy will be ______.
In a developed economy, the contribution of the tertiary sector to the total economy will be ______.
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The more developed the economy, the ______ the contribution of the tertiary sector towards the total economy.
The more developed the economy, the ______ the contribution of the tertiary sector towards the total economy.
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The tertiary sector includes industries such as transportation and ______.
The tertiary sector includes industries such as transportation and ______.
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The tertiary sector is not directly involved in the ______ and manufacturing process.
The tertiary sector is not directly involved in the ______ and manufacturing process.
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The tertiary sector provides auxiliary services to the ______ and secondary sectors.
The tertiary sector provides auxiliary services to the ______ and secondary sectors.
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In a developing country such as South Africa, these informal businesses form a large portion of the ______.
In a developing country such as South Africa, these informal businesses form a large portion of the ______.
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The ______ sector consists of businesses owned by private individuals or groups.
The ______ sector consists of businesses owned by private individuals or groups.
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The ______ sector consists of business entrepreneurs and bodies owned by the government.
The ______ sector consists of business entrepreneurs and bodies owned by the government.
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Examples of government departments that influence organisations include the Department of ______ and Industry.
Examples of government departments that influence organisations include the Department of ______ and Industry.
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Business associations are formed to safeguard the common ______ of their members.
Business associations are formed to safeguard the common ______ of their members.
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Government departments that influence organisations include the Department of ______.
Government departments that influence organisations include the Department of ______.
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Examples of government-owned enterprises include ESKOM, SABC, and ______.
Examples of government-owned enterprises include ESKOM, SABC, and ______.
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Business associations are ______ associations formed to promote the common interests of their members.
Business associations are ______ associations formed to promote the common interests of their members.
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Study Notes
Industrial Sectors
- An organisation's specific environment is determined by the nature of the organisation, government involvement, and laws and regulations that apply.
Product or Service Provided
- The production of products and services can be divided into three sectors: primary, secondary, and tertiary.
Primary Sector
- Uses raw materials provided by nature, including mineral and agricultural products.
- Activities include mining, farming, fishing, forestry, and recycling.
- Provides products to the secondary sector or directly to consumers.
- Contribution to the economy decreases as the economy develops.
Secondary Sector
- Receives raw materials from the primary sector and processes them for consumption.
- Produces capital goods (e.g., photocopy machines, office furniture) and consumer goods (e.g., pencils, paper, petrol).
- Factories play a major role in this sector.
- Contribution to the economy decreases as the economy develops.
Tertiary Sector
- Provides auxiliary services to the primary and secondary sectors, including insurance, banking, wholesaling, retailing, transportation, and communication.
- Contribution to the economy increases as the economy develops.
Application of Laws and Regulations
Formal Sector
- Regulated through laws and regulations, with features including legal registration and taxation.
- Common in developed countries.
Informal Sector
- Businesses that have not complied with legal requirements, paid taxes, or registered.
- Common in developing countries, with examples including spaza shops, street vendors, unregistered taxis, and flea markets.
Government Involvement
Private Sector
- Refers to business enterprises owned by private individuals or groups.
Public Sector
- Consists of business entrepreneurs and bodies owned by the government, including central government, regional administration, local authorities, and state-owned enterprises.
The Public Sector and Business Associations
Government Departments
- Include Department of Trade and Industry, Department of Labour, and Department of Finance.
- Influence organisations in various ways.
Business Associations
- Voluntary associations that safeguard the common interests of their members.
- Examples include ESKOM, SABC,TELKOM, CSIR, and SABS.
Industrial Sectors
- The primary sector uses raw materials provided by nature, such as mineral and agricultural products.
- Examples of primary sector activities include mining, farming, fishing, and forestry.
- Recycling is becoming more important due to the depletion of raw materials.
Product or Service Provided
- The production of products and services can be divided into three sectors: primary, secondary, and tertiary.
- The primary sector provides its products to the secondary sector for further utilization or directly to the consumer for consumption.
- The contribution of the primary sector to the total economy of a country becomes less important as the economy develops from a mining and agricultural economy to an industrial economy.
Secondary Sector
- The secondary sector receives raw materials from the primary sector and processes them into a form more suitable for consumption, either by way of capital or consumer goods.
- Examples of secondary sector products include office furniture, pencils, and paper.
- The contribution of the secondary sector to the total economy of a country becomes less important as the economy develops from an industrial economy to a knowledge economy.
Tertiary Sector
- The tertiary sector provides auxiliary services to the primary and secondary sectors, such as insurance, banking, wholesaling, retailing, transportation, and communication.
- The contribution of the tertiary sector to the total economy of a country increases as the economy develops.
Formal and Informal Sector
- The formal sector comprises organizations that are legally registered, taxed, and comply with laws and regulations.
- The informal sector comprises businesses or organizations that have not complied with legal requirements, paid taxes, or registered.
- In a developed country, the formal sector is usually the biggest sector.
Government Involvement
- The public sector consists of business enterprises owned by the government, such as state departments, regional administration of the province, and local authorities.
- The private sector refers to all business enterprises owned by private individuals or groups.
- Government involvement in the economy includes legislation, ownership, and business associations.
Business Associations
- Business associations are voluntary organizations that aim to safeguard the common interests of their members.
- Examples of government departments that influence organizations include the Department of Trade and Industry, Department of Labour, and Department of Finance.
- Examples of business associations that influence business include ESKOM, SABC, TELKOM, CSIR, and SABS.
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Description
This quiz introduces the concept of industrial sectors, including primary, secondary, and tertiary sectors, and the role of laws and regulations in shaping the environment in which an enterprise operates.
