Questions and Answers
What is a key characteristic of business organisations in a market economy?
They accept risks in pursuit of profit.
What is a major challenge facing the South African economy?
High levels of unemployment.
What is a key difference between business organisations and government organisations?
Business organisations are private need-satisfying institutions of market economy.
What is the main goal of non-profit seeking organisations?
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What is an example of a government organisation in South Africa?
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What is a benefit of the South African economy?
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What is the primary goal of business organisations in a market economy?
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What is a characteristic common to all need-satisfying institutions in a market economy?
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How do public corporations in South Africa differ from private businesses?
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What is a major obstacle facing the South African economy, according to the text?
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What is a benefit of the South African economy mentioned in the text?
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What type of organisations offer services not provided by private enterprise or government organisations?
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