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Economic and management sciences

Grade 9

The economic cycle

Module 2

Explaining business enterprises

Activity 1:production activities

SELF:

Classify, with relevant examples, the different activities of the industries / business enterprises.

1.

2.

3.

4.

Activity 2: PRODUCTION FACTORS

GROUP:

Picture a household / family in which all the factors of production are present. Explain the role of each member to show how he / she participates in the production process. The members of each group must explain their examples to the rest of the class and also describe them fully.

Therefore the economic cycle could be presented as follows in its simplest form:

PRODUCERS / BUSINESS ENTERPRISES

On analysing the cycle, one can see very clearly that there are TWO streams, namely a MONEY STREAM and a GOODS STREAM. These two streams flow in opposite directions and will be equal in a “closed” economy. The reason for this is simply that the businesses cannot spend more than what they have received as “income”. Note that their “income” is equal to the value of the goods and services that they have produced and sold on the markets for consumer goods. On the other hand the households can also spend only the “money” that they have received as compensation for the services of their production factors.

Assessment

Learning Outcomes (LUs)

LO 1

the economic cycle

The learner will be able to demonstrate knowledge and understanding of the economic cycle within the context of “the economic problem.”

Assessment Standards(ASs)

We know this when the learner:

1.5 explains the different flows of money, factors of production, goods and services in the economic cycle within the South African economy;

1.6 discusses the role of the foreign sector in the economic cycle;

1.7 illustrates by means of a graph and discusses how demand and supply influence prices;

1.8 critically assesses the influence and actions (strikes and stayaways) of trade unions in

general and during the apartheid era on:

  • the South African economy;
  • political, economic and social transformation;
  • labour issues;

1.9 discusses the effect of the national budget on the economy (e.g. taxation and expenditure on education, social welfare, health and security.)

Memorandum

ACTIVITY 1: Production activities

SELF:

Activities of industries / business enterprises

primary industries, e.g. agriculture, stock farming, forestry, mining, fisheries, etc.

Secondary industries, e.g. processing industries involving fish factories, abattoirs, etc.

Tertiary industries, e.g. distributing industries involving transport, shops, cafes, etc.

Service industries, e.g. doctors, lawyers, hairdressers, etc.

ACTIVITY2: Factors of production

GROUP:

Family representing all the factors of production (example)

Father: Farmer and landowner(primary industry)
  • Entrepreneurial talent and owner of production factor, land .
Mother: Doctor in private practice(service industry)
  • Entrepreneurial talent and labour
Son: Cabinet maker(secondary industry)
  • Labour
Daughter: Owner, cash loans bank(tertiary industry)
  • Provider of capital

Questions & Answers

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
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
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
research.net
kanaga
sciencedirect big data base
Ernesto
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
Bharti
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
Daniel
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
Maciej
characteristics of micro business
Abigail
for teaching engĺish at school how nano technology help us
Anassong
How can I make nanorobot?
Lily
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
NANO
how can I make nanorobot?
Lily
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
s.
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
Tarell
what is the actual application of fullerenes nowadays?
Damian
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
Tarell
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
Virgil
is Bucky paper clear?
CYNTHIA
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
NANO
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Economic and management sciences grade 9. OpenStax CNX. Sep 15, 2009 Download for free at http://cnx.org/content/col11074/1.1
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