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Assignment

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.

Director/Owner
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.

Examples:

  • 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.

Retirement

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.

Assessment

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

where we get a research paper on Nano chemistry....?
Maira Reply
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..
learn
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
learn
Google
da
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Bhagvanji
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
revolt
da
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
Nasa has use it in the 60's, copper as water purification in the moon travel.
Alexandre
nanocopper obvius
Alexandre
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
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
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
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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