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