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Economic and management systems

Grade 8

Sustainable growth and development

Module 2

The national budget, growth and economic inequalities

In addressing the problems of growth and economic inequality in South Africa, the central issue is improvement of the quality of life for all levels of society, but particularly for the poor and the previously disadvantaged, to empower all people to eventually be able to improve their own conditions and, in the process, improve the potential for economic growth. The first priority would be to provide the basic needs of the masses who do not have ready access to the necessary resources, such as access to employment opportunities, access to land, housing, provision of water, health care, etc. Some of the main objectives of the RDP is to establish programmes that have to facilitate redistribution and reconstruction, for instance by the redistribution of land to those who were removed from their land; the provision of more than a million houses; provision of clean water and sanitation; electrification of 2,5 million homes; and access to affordable health care and telecommunication.

The success of these programmes depends on the involvement of people from all levels of society where infrastructure has to be established so that they can be employed in the processes of construction and management. The expectation is that infrastructural programmes will stimulate the economy through increased demand, for instance, for bricks and steel products, appliances such as TV sets and washing machines, as well as many related products. The task of the industrial sector would be to provide new and more effective, cheaper products to supply the needs of the infrastructure.

The above discussion clearly indicates that the success of the RDP is dependent on a co-ordinated effort of labour and other skills, together with greater financing, It has to be seen as a national responsibility. The RDP is focused on restructuring public spending to finance the democratic government’s contribution to the programmes. This means that planning is needed to finance higher capital expenditure, to ensure greater effectiveness in consumer expenditure and to increase the government’s ability to collect taxes.

To do this, the following priorities have to be accommodated in the planning of national budget structures.

1. Elimination of prejudice / discrimination revealed in taxes levied against women;

2. Revision of personal tax to decrease the tax burden on lower income groups;

3. Rationalization of company tax to make provision for company expenditure related to health, education, housing, etc.;

4. Simplification of company tax structures to eliminate discrimination against small and medium businesses;

5. Reduction of VAT on the most basic commodities;

6. Budget allocations should reflect the government’s willingness to see that women are empowered and developed;

7. Sensitivity to the differentiation between men and women.

Activity 1:

The national budget

[lo 2.2]

Group/SELF:

Analyse the most recent budget and evaluate it to decide whether it makes any reference to any of the measures suggested above. Also determine whether priorities have been taken into consideration and explain how budget measures that have been announced might eliminate inequalities.

  • Provide a neat report that could be discussed in class. Write a short summary after the class discussion.

Assessment

Learning outcomes (LOs)
LO 2
SUSTAINABLE GROWTH AND DEVELOPMENT The learner will be able to demonstrate an understanding of sustainable growth, reconstruction and development, and to reflect critically on related processes
Assessment standards (ASs)
We know this when the learner:
2.1 investigates and describes how the national budget is used to influence growth and redress economic inequalities;
2.2 investigates how the RDP could have been used to stimulate economic growth and restructuring (e.g. capacity building jobs);
2.3 discusses the importance of savings for investments;
2.4 investigates and reports on how technology can improve productivity, economic growth, living standards, etc.

Overview

Assessment standard 2.2:the national budget, growth and economic inequalities

ACTIVITY 1: THE NATIONAL BUDGET

GROUP/SELF:

Learners are to use the most recent budget and evaluate it to decide what is being done to eliminate existing inequalities in the community (e.g. poverty, illiteracy, disease, etc.)

Questions & Answers

A golfer on a fairway is 70 m away from the green, which sits below the level of the fairway by 20 m. If the golfer hits the ball at an angle of 40° with an initial speed of 20 m/s, how close to the green does she come?
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cm
tijani
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emma Reply
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what is inorganic
emma
Chemistry is a branch of science that deals with the study of matter,it composition,it structure and the changes it undergoes
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Adjanou
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Pedro
A ball is thrown straight up.it passes a 2.0m high window 7.50 m off the ground on it path up and takes 1.30 s to go past the window.what was the ball initial velocity
Krampah Reply
2. A sled plus passenger with total mass 50 kg is pulled 20 m across the snow (0.20) at constant velocity by a force directed 25° above the horizontal. Calculate (a) the work of the applied force, (b) the work of friction, and (c) the total work.
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you have been hired as an espert witness in a court case involving an automobile accident. the accident involved car A of mass 1500kg which crashed into stationary car B of mass 1100kg. the driver of car A applied his brakes 15 m before he skidded and crashed into car B. after the collision, car A s
Samuel Reply
can someone explain to me, an ignorant high school student, why the trend of the graph doesn't follow the fact that the higher frequency a sound wave is, the more power it is, hence, making me think the phons output would follow this general trend?
Joseph Reply
Nevermind i just realied that the graph is the phons output for a person with normal hearing and not just the phons output of the sound waves power, I should read the entire thing next time
Joseph
Follow up question, does anyone know where I can find a graph that accuretly depicts the actual relative "power" output of sound over its frequency instead of just humans hearing
Joseph
"Generation of electrical energy from sound energy | IEEE Conference Publication | IEEE Xplore" ***ieeexplore.ieee.org/document/7150687?reload=true
Ryan
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Maurice Reply
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Maurice
answer
Magreth
progressive wave
Magreth
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Mujahid
A string is 3.00 m long with a mass of 5.00 g. The string is held taut with a tension of 500.00 N applied to the string. A pulse is sent down the string. How long does it take the pulse to travel the 3.00 m of the string?
yasuo Reply
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Source:  OpenStax, Economic and management sciences grade 8. OpenStax CNX. Sep 11, 2009 Download for free at http://cnx.org/content/col11040/1.1
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