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Q1— Section header —
1.1.10(10 (20\
1.2.10True True True True False False False True False
1.3.550
Q2— Section header —
2.2.5
2.2.1rade union is an organised group of workers in a particular enterprise, industry, trade or profession seeking to establish a relationship with management through the pro cess of collective bargaining.
2.2.2
2.2.3Indus trial courts decide in industrial disputes if both parties agree to ask it to judge between them. Industrial councils are statutory council of employers and trade unions.
2.3.1Savings refer the unspent part of income. (2\
2.3.2ave money to use for daily transactions oney to take a taxi to college. Provisional motive ave money for rainy or difficult unexpected occurrences to us money when someone is sick or there is a
2.4.3.1 Sin tax is tax charged on goods that are not good for the health of the consumers,
Q3— Section header —
3.1.1Interest is the cost of borrowing money (2\
3.1.2Increase in Interest Graph vertical labelling horizontal labelling original demand curve original supply curve original equilibrium curve increase in supply curve
3.2Unemployment The condition in which people who are willing to pursue an occupation and are willing and able to work are unable to work at the current wage rate. Strike A strike can be defined as the refusal by employees to continue working or
3.3.1At factor cost, GDP at market price (4\
3.3.2(943 + 844 + 355 + 45 2171 (4\
3.3.3ndicate economic development ndicate living standards/prosperity levels (6\
3.4.1International trade refers to trade between two or more countries (2\
3.4.2Natural resources Climate Characteristics of labour Capital Heterogeneous needs of the people Income Established industries International migration Development of infrastructure
Q4— Section header —
4.1.1Inflation the general increase in the prices of goods and services caused by the decrease in the value of money (3\
22.99/4 = 5.75% (4\
4.1.3R69 99 + (69 59/100\ =R69 99 + 4 =R74 (4\
4.1.4Consumer Price Index (1\
4.2Capital Technology Natural resources
4.4.1This policy include measures in which money is collected from taxpayers without direct counter performance. An increase or decrease in the tax rate has an effect
4.4.2Government expenditure has a great influence n the economy. A disadvantage with this policy is that there is a time lapse before the effects work through the economy. The prevailing and the future trend
4.5
4.6Reconstruction and Development Programme
4.7Decline in economic activity Worke rs who cannot adapt to changes Seasonal workers Prospective workers A high population growth
Q5— Section header —
5.1.1Economic cycle describes the main relationship between economic aggregate It shows the flow of goods, services, income, expenditure and money in the economy and identifies important macro economic concept
5.1.2Households ell production factors to firms to produce goods and service Businesses pay back money in the form of wages and salaries. Businesses
5.2
5.3.1
5.7.2
5.8Employment quity ct legislation which applies to all employers and employees protects workers and job seekers from unfair discrimination and provides a framework for implementing affirmative action.