Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 22 views

    2024 Economics Grade 11 Essays Structures

    Uploaded by

    kh0d4n1munzh3dz1

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    2024 Economics Grade 11 Essays Structures

    Uploaded by

    kh0d4n1munzh3dz1
    22 views7 pages

    Original Title

    2024 ECONOMICS GRADE 11 ESSAYS STRUCTURES

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views7 pages

    2024 Economics Grade 11 Essays Structures

    Uploaded by

    kh0d4n1munzh3dz1

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7

    2024 ECONOMICS GRADE 11 ESSAYS STRUCTURES

    PAPER 1

    A. MACROECONOMICS

    1.FACTORS OF PRODUCTION AND REMUNERATION

    CHARACTERISITICS OF NATURAL RESOURCES

    Types of natural resources


     Economic goods 
     Free goods
     Natural resources are unevenly distributed across the earth. 
     Natural resources are limited or fixed in supply
     Natural resources need to be processed
     Natural resources are exhaustible
     Natural resources have two categories i.e. renewable or non-renewable

    IMPORTANCE OF NATURAL RESOURCES

     Natural resources are means for survival


     Natural resources enrich people’s lives
     Natural resources sustain economic activities
     Natural resources are a foundation for economic growth and development
     Natural resources are found in different qualities and quantities

    FACTORS THAT INFLUENCE RENT OF NATURAL RESOURCES

     Demand and supply of land


     Type of economic activity
     Climate
     Technology
     Location
    (26 marks)

    1
    INTRODUCTION
     Entrepreneur is the one who organise the other factors of production to
    produce useful goods. 
     Entrepreneurs are the risk takers in the economy and they receive profit or
    bear loss as their remuneration. 
     Entrepreneurs are people who organise and assume risk of stating and
    running business.  (2)

    BODY

    ENTREPRENEURIAL SKILLS
     Entrepreneurs make important contribution to solving the economic questions
    of what to produce, how to produce and for whom to produce. 
     Entrepreneurs who control costs, produce efficiently and estimate their prices
    correctly. 
     They are likely to have bigger profits than those who lack similar skills, they
    are competent. 
     Many entrepreneurs in the informal sector start their own micro-businesses to
    create their employment. 
     Many of these entrepreneurs in the informal sector are unemployed, poor
    people who venture into the world of business purely to survive, often with the
    means, skills and knowledge to make success of their businesses. 
     They should be recommended for providing for their own needs. 
     These businesses create employment for others. 
     Throughout the world, small business enterprises seem to form natural habitat
    for entrepreneurs. 
     Small entrepreneurs create competition. 
     Small entrepreneurs challenge those that have profitable businesses. 
     The supply of entrepreneurs on the market depends on the level of
    profitability. 
     The higher the level of profitability, the more workers will change into
    entrepreneurs. 
     This will increase the amount and variety of goods and services. 
    Max: (26)

    CONCLUSION
     Successful entrepreneurs make contribution in the economy of the community
    in which they operate and to the economy of the country.  (2)

    2. CIRCULAR FLOW AND QUANTITATIVE ELEMENTS

    2
    3. ECONOMIC SYSTEMS

    Criteria Centrally planned economy Mixed economic system


    Description
    Ownership
    Initiatives
    Motive
    Competition
    Resource allocation
    Distribution of income
    Business fluctuations

    (26 marks)

    4. SOUTH AFRICA’S ECONOMIC STRUCTURES

     Contribute to GDP
     Create employment opportunities
     Source of state revenue
     Investment
     Earn foreign exchange
     Contribute to economic growth

    (26 marks)

    A. Communication 
    1. Postal services
    2. Telecommunication
    3. Fixed land lines
    4. Cellphones and internet
    5. Radio 
    6. Television
    7. Print media

    B. Transport
     Road transport 
     Sea transport

    3
     Rail transport
     Air transport
     Pipeline transport

    C. Energy
     Electricity
     Liquid fuel

    (26 marks)

    ECONOMIC PURSUITS

    1. ECONOMIC GROWTH

    MAIN PART

     Taxes
     Progressive tax
     Wealth taxes 
     Transfer duties 
     Estate duties 
     Inheritance tax 
     Land tax . 
     support grants. 
    Social security 
     Cash grants / cash benefits
     Benefits in kinds / natural benefits
    Labour market policy
     Minimum wage
    Redress policy
     Broad Based Black Economic Empowerment (BBBEE) 
     Expanded Public Works Programme (EPWP) 
     Land restitution
     Land redistribution
     Property subsidies
     Affirmative action

    (26 marks)
    2. ECONOMIC DEVELOPMENT

    4
     Low standard of living
    Low standard of living results from:
     Low income per capita
     Low educational standards
     Low life expectancy

     Low level of productivity


     High population growth and dependency burdens
     High level of unemployment and underemployment
     Dependence on primary sector
     Deficient infrastructure
     High rate of debt
    (36)

    (26 marks)

    3. MONEY AND BANKING

     The SARB is banker’s bank


     The SARB issues coins and bank notes
     The SABB acts as a banker of the government
     SARB is the custodian of gold and foreign reserves 

    (26 marks)

    PAPER 2

    A. MICROECONOMICS

    1. RELATIONSHIPS BETWEEN MARKETS

    5
    Demand relationship
     Substitutes in demand
     Compliments in demand

    Supply relationship
     Substitutes in supply
     Compliments in supply
    (26 marks)

     Number of businesses
     Nature of products
     Entrance
     Control over price
     Information
     Examples
     Demand curve
     Collusion
    (26 marks)

    2. EFFECTS OF COSTS & REVENUE ON PRICE AND QUANTITIES

    3. PRICE ELASTICITY

     Perfect elastic demand


     Elastic demand
     Unitary elastic demand
     Inelastic demand
     Perfect inelastic demand

    (26 marks)
    B. CONTEMPORARY ECONOMIC ISSUES

    1. GLOBALISATION

    6
    CAUSES OF GLOBALIZATION

     Trade liberalisation
     Improved technology
     Communication
     Transportation
     Computer technology
     Production processes
     Multinational enterprises y(MNEs) 
     Standardization 
     World Bank
     International Monetary Fund (IMF)
     World Trade Organisation (WTO) 
     International Labour Office (ILO) 

    CONSEQUENCES OF GLOBALISATION
     Environmental deterioration
     Culture changes
     Employment opportunities 
     Economic growth
     Absolute advantage and comparative advantage

    (Max: 26 marks)

    2. ENVIRONMENTAL DETERIORATION

    CAUSES OF ENVIRONMENTAL PROBLEMS / PROBLEMS THREATENING THE


    ENVIRONMENT
     Natural environmental degradation
     Human-induced environmental degradation
     Poverty and environmental degradation
     Agricultural development and deforestation
     Land degradation
     Industrial development, mining and environmental degradation
     Human settlement, urbanization and environmental degradation

    (26 marks)ui

    You might also like