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Visit your nearest library and find sources on career definitions. Make a list of possible careers in which you might be interested. Compile a list in order of priority.

When you enter the labour market, you are a fully-fledged member of the economic cycle and your employer (if you are working for someone else) or your own business (if you are self-employed) will exert pressure to bear on you to achieve results.

Not only do you receive a bigger portion of the economy in the form of a salary/income, but you also plough back a bigger portion into the economy in exchange for products and services that you acquire. In this way you form an important link in the economic cycle of your country – and indirectly of the world economy. Yes, just like our country has an internal economic cycle, it also forms part of the bigger world economy.

Position in the labour market

The labour market can be viewed as a ladder on which you climb higher with every promotion until you have reached the highest rung.

Senior manager
Divisional manager
Post level 1 employee

Some employees prefer not to function in a management capacity and are then promoted and remunerated only within their own job levels.

If you own your own business, you are in your own employ. You are then the employer and might have people working for you – employees.

Talk to your parents and relatives who are already in the labour market and find out at what job levels they were appointed. Determine whether their salaries are linked to the posts they occupy and establish how many are self-employed. Report to the class.

[LO 1.1]

The investor

Most active members of the labour market at some stage or another make an investment or investments. In this way they not only try to increase their money, but also contribute to the economic cycle.


  • Buy a plot of land and sell it a year later at a higher price;
  • Buy shares in a dynamic growing company at a relatively low price per share and sell it later at a higher price.
  • Take out an endowment policy at a certain monthly premium.

Talk to your parents and make a list of more ways in which to invest money.


On retirement you usually leave the labour market. If you made provision, you should now receive a monthly pension that should be enough for you to maintain your standard of living. People who have retired, still play a dynamic role in the development of the country’s economy. However, this role is generally more passive, as most people who have retired, prefer to have a peaceful life in this phase. They now become mainly consumers who no longer play a strong investment role in the economic cycle.


Learning Outcomes(LOs)
LO 1
THE ECONOMIC CYCLEThe learner is 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:
1.1 describes the roles of households, businesses and government in the economic cycle;
1.4 explains different types of taxes and how they influence consumers and businesses.
LO 2
SUSTAINABLE GROWTH AND DEVELOPMENTThe learner will be able to demonstrate an understanding of sustainable growth, reconstruction and development, and to reflect on related processes.
We know this when the learner:
2.3 identifies steps that can be taken by the government to redress historic imbalances and poverty (e.g. redistribution of resources, gender equity, capacity building, restoring people’s dignity, creating opportunity and empowerment).

Questions & Answers

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.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
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.
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
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
characteristics of micro business
for teaching engĺish at school how nano technology help us
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
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
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.
what is the actual application of fullerenes nowadays?
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.
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.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
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 6. OpenStax CNX. Sep 08, 2009 Download for free at http://cnx.org/content/col11013/1.1
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