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Economic and management sciences

Grade 5

What affects my existence

Module 2

Levels of needs

Needs differ from one community to another, despite the fact that all of us have particular basic needs like food, water, clothing, shelter, etc.

  1. Come and meet:
John
  • Lives in Wynberg near Cape Town.
  • Distance to school: 13 km.
  • John uses a taxi to travel to and from school. His parents have bought him a cell phone so that he can contact them if he has a problem.

Kate
  • Lives on a farm near Montagu in the Western Cape.
  • The distance to her farm school is 1,25 km.
  • Although there is a bicycle on the farm, Kate prefers to walk to school. If she wants to contact her parents, she runs home quickly during her break.
  1. It is clear that John and Kate have different needs when it comes to getting to school. John is also far from home during the day and therefore needs a telephone when there is an emergency, while Kate is able to simply run home quickly.

To some extent, our immediate environment influences our direct needs.

  1. Use the following questions to compare yourself with a boy of the Khoi people who live in the Khoi reserve at Kagga Kamma.

LIST YOUR MOST IMPORTANT NEEDS

Needs of the Khoi boy My needs

[LO 1.1]

How do the Khoi get what they need to survive? (Use your knowledge of Grade 4 history.)

What would you suggest as a reason for the drastic difference in your needs?

Make a list of the typical desires that each of you have (you may have to use your imagination).

Desires of the Khoi boy My desires

[LO 1.1]

It should be clear that your needs and desires differ greatly as a result of your direct environments. What would a boy among the Khoi do with a computer when he has no electricity, for instance? You, again, would use a calabash as a decoration rather than as a container for storing water.

Why do some people have more money than other people?

To earn money , you have to work. You could work for yourself (run your own business), or for someone else (your employer).

The cabinet-maker, Mr Logan,

works for TOP LINE CUPBOARDS

and earns a monthly salary.

Mrs Hill sells

from her stall and works

for herself. Her income

depends on how many

flowers she sells.

People who have specialist skills and earn good money with their skills usually earn more money than people who have no special skills. The bricklayer on the building site, for instance, who can lay 1 000 bricks neatly per day, will earn more than the person who mixes the cement and transports the bricks in a wheelbarrow.

People who have studied for many years to master certain skills usually earn good salaries.

A medical doctor will earn more than a nurse, for instance, but the nurse will earn more that a street vendor.

We also come across creative people who design something new , make it and then patent it. As an example of this, we can name our own Mark Shuttleworth who wrote a software package and today is rated among the wealthiest people in the world. And all of this started in his parents’ garage!

Assessment

LO 1

THE ECONOMIC CYCLE The learner is able to demonstrate knowledge and understanding of the economic cycle within the context of the economic problem.

We know this when the learner:

  • differentiates between the different levels of needs that people have, and explains how these might be satisfied

Memorandum

  • Allow discussion where necessary in order to formulate meaningful responses.

Questions & Answers

Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
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
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
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
hi
Loga
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
Bharti
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 5. OpenStax CNX. Sep 05, 2009 Download for free at http://cnx.org/content/col10974/1.1
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