EMS
52 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary purpose of goods and services?

  • To satisfy needs and wants (correct)
  • To reduce waste
  • To generate profit
  • To create jobs for people

    • What is the characteristic of tangible goods?

  • They are non-expiring
  • They can only be used once
  • They can be seen and touched (correct)
  • They are provided by services

    • Which sector of the economy supplies and extracts raw materials?

  • Secondary sector
  • Service sector
  • Primary sector (correct)
  • Tertiary sector

    • What is the main difference between perishable and non-perishable goods?

    <p>Their expiration dates</p> Signup and view all the answers

    What is the purpose of producers in the economy?

    <p>To meet people's needs and wants</p> Signup and view all the answers

    What type of goods are toys and clothes examples of?

    <p>Non-perishable goods</p> Signup and view all the answers

    What sector of the economy distributes goods to trading companies?

    <p>Tertiary sector</p> Signup and view all the answers

    What is the characteristic of intangible goods?

    <p>They cannot be seen or touched</p> Signup and view all the answers

    What is the main role of households in the economic cycle?

    <p>To consume goods and services and provide labor</p> Signup and view all the answers

    What is the main difference between the primary and secondary sectors?

    <p>Primary sector extracts raw materials, secondary sector produces goods</p> Signup and view all the answers

    What is the term for finding other uses for a product?

    <p>Reuse</p> Signup and view all the answers

    Why is it important to use natural resources judiciously?

    <p>To reduce waste</p> Signup and view all the answers

    What is an example of households as producers?

    <p>Growing their own vegetables</p> Signup and view all the answers

    What is the term for using waste materials to produce other products?

    <p>Recycle</p> Signup and view all the answers

    Why is it important to balance the use of natural resources with production?

    <p>To prevent environmental degradation</p> Signup and view all the answers

    What is an example of an environmentally friendly production method?

    <p>Using cleaner production methods and technology</p> Signup and view all the answers

    What is the primary function of goods?

    <p>To satisfy needs and wants</p> Signup and view all the answers

    What is the characteristic of services?

    <p>Work done for someone in exchange for money</p> Signup and view all the answers

    Which type of goods has an expiry date?

    <p>Perishable goods</p> Signup and view all the answers

    What is the aim of producers in the economy?

    <p>To meet people's needs and wants</p> Signup and view all the answers

    Which sector of the economy uses raw materials to produce final goods?

    <p>Secondary sector</p> Signup and view all the answers

    What is the characteristic of non-perishable goods?

    <p>They do not have an expiry date</p> Signup and view all the answers

    What is the tertiary sector of the economy involved in?

    <p>Providing goods and various services to the general public</p> Signup and view all the answers

    What is the purpose of the primary sector in the economy?

    <p>To supply and extract raw materials</p> Signup and view all the answers

    What is a consequence of unemployment in a society?

    <p>Social imbalance and increased crime</p> Signup and view all the answers

    What is a challenge faced by poor people in accessing education?

    <p>All of the above</p> Signup and view all the answers

    What is the impact of HIV and AIDS on families in South Africa?

    <p>Leaves children and dependents in poverty</p> Signup and view all the answers

    What is a characteristic of South Africa's economy?

    <p>High levels of inequality</p> Signup and view all the answers

    What is the purpose of the Fair Employment Act of 1998?

    <p>To prohibit employers from discrimination and unfair labor practices</p> Signup and view all the answers

    What is a benefit of skills training and education?

    <p>It helps illiterate people become literate and learn skills</p> Signup and view all the answers

    What is a challenge faced by rural areas in South Africa?

    <p>All of the above</p> Signup and view all the answers

    What is a consequence of overpopulation in urban areas?

    <p>Pressure on resources and increased poverty</p> Signup and view all the answers

    What is a government initiative to address inequality in South Africa?

    <p>All of the above</p> Signup and view all the answers

    What is a challenge faced by learners in urban areas?

    <p>All of the above</p> Signup and view all the answers

    Why do apple farmers not benefit from the sale of apple juice?

    <p>Because the income from processing raw materials is not returned to them</p> Signup and view all the answers

    What is a characteristic of sustainable job opportunities?

    <p>They provide a long-term employment opportunity</p> Signup and view all the answers

    How can the government promote entrepreneurship?

    <p>By providing training in business development</p> Signup and view all the answers

    What is the advantage of manufacturing businesses?

    <p>They usually require many workers</p> Signup and view all the answers

    What is necessary for the success of businesses?

    <p>Factors such as quality roads, water and sanitation, electricity supply, safety and security</p> Signup and view all the answers

    What can the government do to stimulate business development?

    <p>Provide new business development through subsidies or loans for expansion</p> Signup and view all the answers

    Why is it important to encourage entrepreneurship and new businesses?

    <p>Because it creates jobs for the entrepreneur and other people</p> Signup and view all the answers

    What is the result of encouraging existing businesses to grow and expand?

    <p>More people will be employed</p> Signup and view all the answers

    What do consumers do to satisfy their needs and wants?

    <p>They buy goods and services</p> Signup and view all the answers

    What is the importance of households in the economic cycle?

    <p>They play a vital role as consumers and producers</p> Signup and view all the answers

    What does efficient and effective use of goods involve?

    <p>Focusing on providing more goods and services while using less natural resources</p> Signup and view all the answers

    What is an example of reusing goods?

    <p>Giving away goods that are no longer in use</p> Signup and view all the answers

    What is the cycle of poverty?

    <p>When parents are unemployed and their children cannot change their circumstances</p> Signup and view all the answers

    What was the apartheid policy in South Africa?

    <p>A policy that divided people into groups according to race</p> Signup and view all the answers

    What is poverty?

    <p>When people struggle to survive and cannot pay for basic needs</p> Signup and view all the answers

    What is a characteristic of households as consumers?

    <p>They use many household goods and municipal services</p> Signup and view all the answers

    What is an example of reducing waste?

    <p>Buying used or second-hand goods</p> Signup and view all the answers

    What is the importance of recycling?

    <p>To use waste materials to produce other products</p> Signup and view all the answers

    Study Notes

    Goods and Services

    • Goods and services are used to satisfy needs and wants.
    • Goods are physical products produced to satisfy needs and wants, can be seen, used, and touched, and are also called tangible items.
    • Examples of goods include sugar, television sets, sweets, and tables.
    • Services are work done for someone in exchange for money, using a person's skills or knowledge, and cannot be seen or touched, making them non-tangible or intangible.
    • Examples of services include legal services, consultations with a doctor, and hairdressing.

    Perishable and Non-Perishable Goods

    • Perishable goods are goods that must be used in a specific time, have an expiry date, and examples include meat, milk, fresh vegetables, and fruit.
    • Non-perishable goods are goods that do not have an expiry date, can potentially last a very long time, and examples include toys, cars, and clothes.

    Producers

    • Producers are people or businesses that use resources to produce goods or provide services to meet people's needs and wants.
    • Producers operate in different sectors, including the primary, secondary, and tertiary sectors.

    Sectors of the Economy

    • Primary sector: the first level of the economy, where natural resources are used directly, and examples include fisheries, forestry, and agriculture.
    • Secondary sector: the second level of the economy, where raw materials are used to produce final goods, and examples include jewelry production, processed food, and furniture factories.
    • Tertiary sector: the third level of the economy, where goods and services are provided to the general public, and examples include furniture stores, clothing stores, and personal services like hairdressers and doctors.

    Consumers

    • Consumers are individuals, households, companies, and government institutions that buy or use goods and services to satisfy their needs and wants.
    • Consumers are interdependent because they compete for the limited resources available.

    Households

    • A household is a group of people living together under one roof, buying goods and using services.
    • Households play a crucial role in the economic cycle, being consumers, providing labor, and providing entrepreneurial knowledge.
    • Households can also be producers, working in businesses and the government, selling their labor, and producing their own goods and services.

    Efficient and Effective Use of Goods

    • A healthy environment requires a balance between the use of natural resources and production.
    • Everyone should focus on providing more goods and services while using less natural resources.
    • The production process must be more environmentally friendly, using cleaner production methods and technology to create more opportunities for small businesses and "green" jobs.
    • Recycling and reusing goods are essential to prevent waste and judiciously use resources.

    Recycling and Reuse of Goods

    • Certain goods are non-renewable, meaning they cannot be imitated or replaced once they are used up.
    • Ways to recycle or reuse goods include donating, buying used or second-hand goods, and repairing damaged goods.
    • The 3Rs of sustainable use are: Reuse, Reduce, and Recycle.

    Goods and Services

    • Goods are physical products produced to satisfy needs and wants, such as sugar, television sets, and tables.
    • Services are work done for someone in exchange for money, using skills or knowledge, such as legal services, consultations with a doctor, and hairdressing.

    Types of Goods

    • Perishable goods are goods that must be used within a specific time, such as meat, milk, and fresh vegetables and fruit.
    • Non-perishable goods are goods that do not have an expiry date and can potentially last a long time, such as toys, cars, and clothes.

    Producers

    • Producers are people or businesses that use resources to produce goods or provide services to meet people's needs and wants.
    • Producers operate in different sectors, including:
      • Primary sector: uses natural resources directly, such as fisheries, forestry, and agriculture.
      • Secondary sector: uses raw materials to produce final goods, such as jewelry production, processed food, and butchery.
      • Tertiary sector: provides goods and services to the general public, such as distribution of goods to trading companies, furniture stores, and provision of personal services.

    Consumers

    • Consumers are individuals, households, companies, and government institutions that buy or use goods and services to satisfy their needs and wants.
    • Consumers are interdependent, competing for limited resources.

    Households

    • Households are groups of people living together, buying goods and using services.
    • Households play a role in the economic cycle, providing labor, entrepreneurial knowledge, and consuming goods and services.

    Efficient Use of Goods

    • A healthy environment requires a balance between the use of natural resources and production.
    • The production process should be more environmentally friendly, using cleaner methods and technology to create more opportunities for small businesses and "green" jobs.

    Recycling and Reuse of Goods

    • Certain goods are non-renewable, meaning they cannot be replaced once they are used up.
    • Ways to recycle or reuse goods include:
      • Giving away goods to people who need them.
      • Buying used or second-hand goods.
      • Repairing damaged goods.
    • The 3Rs of sustainable use: Reuse, Reduce, and Recycle.

    Socio-Economic Imbalance

    • Causes of socio-economic imbalance include:
      • Apartheid policy, which divided people into groups based on race.
      • Poverty, which is a lack of basic needs and services.
      • Unemployment, which leads to social imbalance and crime.
      • Access and quality of education, which is affected by poverty and lack of resources.

    Addressing Inequality

    • Laws and policies that address inequality, such as:
      • The Fair Employment Act of 1998, which prohibits discrimination and unfair labor practices.
      • Black Economic Empowerment (BEE) and Broad-based Black Economic Empowerment (BBBEE) from 2003, which promotes ownership of businesses by including blacks.
      • The Skills Development Act of 1998, which encourages businesses to offer education and training in the workplace.
    • Government initiatives to address inequalities and injustices, such as:
      • Improving education, including access to quality education and reducing the number of learners who leave school prematurely.
      • Improving infrastructure in poor schools, including facilities such as libraries, laboratories, and sports fields.
      • Establishing school feeding schemes, improving textbook supplies, and building new schools.

    Sustainable Job Opportunities

    • Strategies to create sustainable jobs, including:
      • Promoting entrepreneurship and new businesses.
      • Encouraging existing businesses to grow and expand.
      • Encouraging manufacturing businesses.
      • Improving infrastructure, such as quality roads, water and sanitation, electricity supply, safety, and security.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser