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Gr 9 EMS Economic Sectors and Systems Flashcards | StudBud
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Gr 9 EMS Economic Sectors and Systems
Gr 9 EMS Economic Sectors and Systems
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1
The extraction of raw materials
Sushi
Secondary Sector
Primary Sector
Tertiary Sector
2
In a Market Economy, prices are determined by ... and ...
Supply and Demand
Managers and Staff
Coke and Pepsi
Government and Consumers
3
Another name for a Third World Country is ...
Envelope Country
Developing Country
Developed Country
Undeveloped Country
4
Total amount of final products and services produced in a country within a year
GDP
PPP
Natural resources
Capital formation
5
"The rich get richer and the poor get poorer" is a disadvantage of the ...
LIFE
Mixed Market System
Free Market Economic System
Planned Economic System
6
Skills required in the Primary sector...
Karate
Only qualified people with degrees and diplomas
Mostly basic skills, with managers being highly skilled
Kung Fu Panda Kicks
7
People have the opportunity to work hard and become successful
Traditional Economic System
Free Market System
Planned Economic System
8
An example of a country that have a Planned economic system...
Cuba
Brazil
South Korea
South Africa
9
The four factors of production are: Labour; Land; Entrepreneurship and ...
Salaries and Wages
Profit
Capital
Captain
10
South Africa has a ...
Planned Economic System
Traditional Economic System
Free Market System
Mixed Market System
11
Imports and Exports
Ships
Mail
Expensive
Foreign Sector
12
Which one does not fit in the term
Informal Sector
Street Vendors
Create own jobs
ESKOM
Can include legal and illegal activities
13
Both the Government and the Private consumer needs are taken into consideration
Mixed Market System
Free Market System
Planned Economic System
Gupta's
14
International trading of goods and services
The Global Economy
Ships
Facebook
Gross Domestic Product
15
Which one is
not
a way of preserving natural resources.
Do not allow soil to be overgrazed
Recycle paper glass and plastic
Protect fishing industry through permits
Do not allow soil to be over-maized
16
Prices are controlled and set by the Government
Traditional Economic System
Mixed Market System
Free Market System
Planned Economic System
17
Tertiary Sector...
Fancy Schmancy
University of Mpumalanga
Turning raw materials into a final product
Selling of goods and services
18
Forms of ownership that exist in the Private sector... Which one does
not
fit?
Partnership
Public company
Parents' Business
Sole Proprietor
19
How many Economic Sectors are there?
1
2
3
4
20
Do not pay tax...
Informal Sector
Formal Sector
Public Sector
Teachers
