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Economic and management sciences

Grade 7

Economic principles

Module 1

Self-employment

How often have you wished that you were able to generate your own income to be independent of your parents? You’ve imagined this to be impossible? Consider it again!

  1. Self-employment in South Africa

No lazing around for young Crossroads boy

By Sobantu Xayiya

An 11-year old boy from Crossroads who could not gain entrance to school has started his own barber’s concern.

Xolisa Mgusholo, the young entrepreneur from the Transkei, says that he started his enterprise because he did not want to just sit around for a year.

“When I came from the Transkei at the beginning of the year, I tried really hard to gain entrance to a school, but all the schools were full and they said I should try again next year,” he said this week.

“I did not want to be bored and unoccupied, so I started cutting hair. Nobody showed me how to do it . . . I just trusted my instinct and taught myself as I went along. At first I used a pair of scissors, and practised on my family, for R2 a head.”

“When I had earned enough money, I bought an electric cutter for R113 and then my enterprise took off,” he said.

“The number of customers grew and I needed to work faster.”

Customers came to his house, but when they could not do that, he went to their houses.

His customers vary from toddlers to scholars, as well as “Oobhiti” – older people – and he now charges R5 per person.

With the approaching festive season in sight, the young entrepreneur plans to buy a second electrical cutter “because I do not want to disappoint my customers”.

Xolisa says he is not afraid of competing with established town barbers.

“The people know me and they will come to me for as long as I satisfy them.”

All his profit goes to his mother Alice, a domestic worker, to help the family.

One of his customers, Xolili Khambi, 13, says that he decided to support Xolisa when he saw how he had cut his brother’s hair.

“He did a good job,” he said.

Xolisa has about eight customers a day and makes up to R32 in profit over weekends.

From: Sunday Times Cape Metro , 21 November 1993

  1. Self-employment in other countries

The number of people working for themselves is increasing worldwide.

Activity 1:

To interpret statistics and make inferences

[lo 1.2]

Study the following table, interpret the statistics and draw conclusions

Self-employment in various countries
Country Self-employment
USA 1 in 12
JAPAN 1 in 7
BRITAIN 1 in 10
SOUTH KOREA 1 in 4
HONG KONG 1 in 8
SOUTH AFRICA 1 in 50
  • Which country has the lowest percentage of people in the labour market working for themselves?
  • Which three Eastern countries have a strong focus on self-employment?
  • Make a list of household articles produced in these countries. What deductions can be made from your list?
  • Convert the above statistics to percentages and present the information in a block graph.

The reason why so few South Africans create their own employment is to be found in the very strict labour regulations that used to exist and which made it very difficult for an individual person to obtain permission to start his/her own business. Compared to other countries, much of South African economic activity was centred in a small number of large businesses.

Questions & Answers

where we get a research paper on Nano chemistry....?
Maira Reply
nanopartical of organic/inorganic / physical chemistry , pdf / thesis / review
Ali
what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
learn
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
learn
Google
da
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Bhagvanji
hey
Giriraj
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
revolt
da
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
ya I also want to know the raman spectra
Bhagvanji
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
Damian
yes that's correct
Professor
I think
Professor
Nasa has use it in the 60's, copper as water purification in the moon travel.
Alexandre
nanocopper obvius
Alexandre
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
Rafiq
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
Damian
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
Rafiq
if virus is killing to make ARTIFICIAL DNA OF GRAPHENE FOR KILLED THE VIRUS .THIS IS OUR ASSUMPTION
Anam
analytical skills graphene is prepared to kill any type viruses .
Anam
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
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Source:  OpenStax, Economic and management sciences grade 7. OpenStax CNX. Sep 10, 2009 Download for free at http://cnx.org/content/col11025/1.1
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