<< Chapter < Page Chapter >> Page >

Economic and management sciences

Grade 7

Economic policy direction (1910 – 1994)

Module 13

Restoring socio-economic imbalances

1. Economic growth

In a developed economy most of the citizens make a contribution of some kind. In South Africa many citizens do not form part of the working fraternity. People can only join the work force if they possess a certain degree of knowledge and skills. Inhabitants who form part of a working fraternity earn more money and the general standard of living in such families is higher. A low family income is often the reason why a large percentage of school leavers have to forgo suitable training and the acquisition of the necessary skills.

It will require a lot of planning and dedication on the part of all role-players to create opportunities for as many people as possible to contribute to South Africa’s economic growth. Entrepreneurship should be encouraged, labour must be focussed and productive, and labourers must be properly schooled. Even if the government passes laws to provide the necessary structures, only the inhabitants of the country themselves can really make the economy grow.

2. Ubuntu

Everybody must become involved and greed must be replaced with feelings of human fellowship. Growth is possible only where there is a spirit of unselfishness. South Africa needs Ubuntu.

UBUNTUCase Study: Joseph’s Story

Joseph was born in Transkei 30 years ago, as the fifth child in a family of eight. His father worked in a clothing factory and his mother stayed at home to care for the children. At the age of 22 Joseph decided to join his father in the big city and find a job. This would enable him to contribute to the family’s income and raise their standard of living. Just outside Cape Town Joseph and his wife moved into a wooden shack in another family’s back-yard. It was small and there was no privacy. In winter-time it was flooded, but Joseph would not give up and kept looking for a job.

One day, while walking along a main road, he came across a motorist who was having trouble with his car. As a child Joseph acquired some mechanical knowledge by watching while his uncle serviced other people’s cars to earn a living. He offered his help and it was not long before the motorist, Mr. Wall, could move on, but not before he had noted down Joseph’s particulars.

At a time when Joseph was getting rather despondent and thought that he would never find a job in the city, he received a call from Mr. Wall. His steel firm in Somerset West was opening a branch in Durbanville and Mr. Wall was looking for a handyman who could monitor and manage all the maintenance in the factory. He was so impressed by Joseph’s helpfulness and mechanical expertise that he invited him to come for an interview.

Before long Joseph was receiving in service-training. He was sent for a driver’s licence so that he would also be able to do deliveries. The steel firm benefited from Joseph’s excellent and reliable services, and Joseph enjoyed some very good perks.

Early one morning, after only three months in his first job, Joseph was struck down in a taxi cross-fire. He was severely injured and had to spend four months in hospital until the reconstructive surgery was completed. Mr. Wall’s steel firm, knowing all about Josephs qualities, in the meantime employed Joseph’s wife to help the family survive. Since then Joseph has been back at work on a full-time basis, although Mr. Wall had to make certain amendments to his job description, for due to his injury he was no longer allowed to lift heavy objects. Mr. Wall also started training Thandi, his wife, to help with administrative tasks.

Questions & Answers

where we get a research paper on Nano chemistry....?
Maira Reply
nanopartical of organic/inorganic / physical chemistry , pdf / thesis / review
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..
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
ya I also want to know the raman spectra
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.
yes that's correct
I think
Nasa has use it in the 60's, copper as water purification in the moon travel.
nanocopper obvius
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
How we are making nano material?
what is a peer
What is meant by 'nano scale'?
What is STMs full form?
scanning tunneling microscope
how nano science is used for hydrophobicity
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
what is differents between GO and RGO?
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
analytical skills graphene is prepared to kill any type viruses .
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
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
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play

Source:  OpenStax, Economic and management sciences grade 7. OpenStax CNX. Sep 10, 2009 Download for free at http://cnx.org/content/col11025/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Economic and management sciences grade 7' conversation and receive update notifications?