Identify the factors of
production (Pair activity)
Read
the case study below and answer the question that follows.
Farmer Brown farms with chickens. He
employs 15 workers to help him on the farm. They feed the
chickens and give them water. Farmer Brown makes use of Thabo’s Transport to transport his chickens to the abattoir where they are slaughtered. The abattoir personnel slaughter and clean the chickens before they are sent to the processing plant. At the processing plant, the chickens are washed and cut into pieces. The chickens go through an automated chicken packaging machine, where the pieces are individually quick-frozen before they are packed in plastic bags and sealed in boxes. The boxes of chicken are transported to the supermarkets in a refrigerated truck. The supermarket personnel unpack the chicken bags into freezers and then they are priced. The supermarket employs packers, cashiers and a manager.
chickens and give them water. Farmer Brown makes use of Thabo’s Transport to transport his chickens to the abattoir where they are slaughtered. The abattoir personnel slaughter and clean the chickens before they are sent to the processing plant. At the processing plant, the chickens are washed and cut into pieces. The chickens go through an automated chicken packaging machine, where the pieces are individually quick-frozen before they are packed in plastic bags and sealed in boxes. The boxes of chicken are transported to the supermarkets in a refrigerated truck. The supermarket personnel unpack the chicken bags into freezers and then they are priced. The supermarket employs packers, cashiers and a manager.
Identify
all the factors of production in the case study and write them in table format.
Raw materials
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Labour
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Capital
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Entrepreneurship
|
|
|
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Peer assessment:
Criteria
|
Yes
|
No
|
My
partner could identify at least three raw materials.
|
|
|
My
partner could identify at least three labour elements.
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|
|
My
partner could identify at least five capital elements.
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|
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My
partner could identify at least two entrepreneurship elements.
|
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Assessment Task
Trade with the foreign
sector (Pair activity)
Study
the information in the table and answer the questions that follow.
South Africa’s main
trading partners
IMPORTS
2008
|
EXPORTS 2008
|
||
Germany
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82,417,151,152
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Japan
|
66,465,946,433
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China,
P.R. Mainland
|
82,411,244,161
|
United
States
|
65,563,366,868
|
United
States
|
58,146,662,877
|
Germany
|
47,428,867,202
|
Saudi
Arabia
|
45,945,810,130
|
United
Kingdom
|
40,101,495,428
|
Japan
|
40,603,450,966
|
China,
P.R. Mainland
|
35,243,991,079
|
United
Kingdom
|
29,528,936,772
|
Netherlands
|
28,341,661,417
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Iran
|
27,374,218,410
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India
|
18,651,955,958
|
Angola
|
22,348,879,058
|
Belgium
|
16,735,117,998
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France
|
20,777,720,393
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Zambia
|
16,074,513,155
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India
|
18,813,218,467
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Spain
|
15,354,791,625
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Italy
|
17,725,630,863
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Zimbabwe
|
13,810,915,545
|
Nigeria
|
15,743,768,137
|
Mozambique
|
13,156,678,031
|
Thailand
|
14,602,326,166
|
Italy
|
13,043,953,910
|
Brazil
|
13,817,423,675
|
Switzerland
|
13,038,535,973
|
Australia
|
13,550,166,692
|
Korea
|
12,321,787,741
|
Sweden
|
13,432,224,425
|
Australia
|
12,198,823,369
|
Korea
|
11,952,155,431
|
France
|
10,589,087,653
|
Netherlands
|
10,074,389,997
|
Chinese
Taipei
|
9,312,425,887
|
Belgium
|
9,373,854,637
|
Saudi
Arabia
|
2,711,360,461
|
Chinese
Taipei
|
8,897,315,104
|
Iran
|
1,274,757,656
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Spain
|
8,845,623,954
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Angola
|
7,338,415,391
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Zimbabwe
|
6,242,222,229
|
Nigeria
|
7,824,932,567
|
Switzerland
|
6,170,582,062
|
Thailand
|
3,231,989,499
|
Mozambique
|
3,288,362,330
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Brazil
|
5,391,403,295
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Zambia
|
2,376,628,757
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Sweden
|
3,412,154,356
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OTHER
|
143,172,267,403
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OTHER
|
184,480,863,077
|
TOTAL IMPORTS
|
727,632,234,248
|
TOTAL
EXPORTS
|
663,099,791,574
|
(Source:
www.sars.gov.za)
- Which foreign countries were South Africa’s biggest trading partners? Name the top two nations we imported from and the top two we exported to. [4 marks]
- What was the total value of imports and the total value of exports in 2008? What does that tell you? [3 marks]
- South Africa is a developing country and Germany is a developed country, yet we spend almost double as much money in Germany as Germany spends in South Africa. Why do you think that is? (Tip: Think about our main product exports and imports.) [2 marks]
- Why would it be better for South Africa to export than to import? [1 mark]
Assessment Task
How needs and wants determine demand (Pair activity)
Read the information below and answer the questions that follow.
In previous grades you learned that ‘needs’ are those things you have to have in order to survive and ‘wants’ are things that improve your lifestyle, the nice-to-haves. Needs and wants create a demand in the market. Consumers are willing to buy the goods and services producers offer because the goods and services satisfy their needs and wants. When the goods and services are sold at an affordable price (or a price the consumers are willing to pay), consumers will buy the goods and services. If consumers need or want a product or service, but they cannot afford it, this need or want does not form part of demand. Demand only refers to how much of a product consumers are willing to buy at a certain price at a certain time. For example: Chico bakes biscuits to sell. Everybody loves the biscuits, and he makes lots of money. He increases the price. Now people buy Rina’s biscuits, which are just as nice, but cheaper. The demand for Chico’s biscuits decreases, and the demand for Rina’s biscuits increases. The demand tells Chico to bake less or to reduce his prices, and it tells Rina to bake more and to keep her prices steady or increase them slightly after a period of time. So the demand helps to keep prices in check.
a) Why do you think basic needs are the same for most people, but their wants differ?
b) Looking at the example of Chico and Rina, what do you think would happen if Rina suddenly doubled the price of her biscuits?
c) Who are the consumers in the market?
d) You have learned that needs and wants determine demand, yet they are not the same thing. Explain the difference between them.
Peer assessment checklist
Criteria
Yes
No
My partner could explain why basic needs are the same for most people, but wants differ.
My partner could explain what would happen if Rina suddenly doubled her biscuit price.
My partner could explain who the consumers in the market are.
My partner could explain why needs and wants determine demand, yet they are not the same thing.
- TERM 2
- Assessment Task
Plan to save (Pair activity)
a) Work out your budget for the rest of the year. Decide how much you are going to save every month. [5 marks]
b) Research and choose a savings instrument that will suit you. Collect pamphlets about savings accounts for teenagers from different banks. Compare the interest rates and service charges of each account. Complete the table below. [16 marks]
Name of savings account
Name of bank
Interest rate on savings accounts
Service charges on savings
c) Choose the best savings option for you and give a reason for your choice. [1 mark]
d) Work out how much you will have in your account after six months. Add the interest you will earn on your savings to the amount you save. Deduct the service charges. [5 marks]
e) Explain how your savings contribute to economic prosperity and wealth. [3 marks]
[Total: 30 marks]
Peer assessment checklist
Criteria
Yes
No
My partner worked out a budget for the rest of this year.
My partner researched the savings options and completed the table.
My partner chose a suitable savings option and explained his/her choice.
My partner calculated how much there would be in his/her bank account after six months.
My partner explained how his/her savings contribute to economic prosperity and growth.
My partner knows how to work responsibly with money.
- TERM 3
Assessment Task
Influence of productivity on economic prosperity (Pair activity)a) Research and discuss the reasons for poor productivity. List at least four reasons. [4 marks]b) Write down a dialogue that takes place between an employer and his/her unproductive factory worker. The employer should explain to the employee how his/her unproductiveness affects the economic prosperity of the business. In return the employee should acknowledge his/her unproductiveness and identify the effects it could have on his/her own economic prosperity.[8 marks]Refer to the assessment rubric to see how you will be assessed.Teacher assessment rubric
Criteria
Marks
Listing reasons for poor productivity
[Marks out of 4]
The pair could identify at least four reasons for poor productivity. [4 marks]
The pair could identify three reasons for poor productivity. [3 marks]
The pair could identify two reasons for poor productivity. [2 marks]
The pair could identify one reason for poor productivity. [1 marks]
Dialogue: effects of unproductiveness on the economic prosperity of business [Marks out of 4]
The dialogue included at least four effects of unproductiveness on the economic prosperity of business. [4 marks]
The dialogue included three effects of unproductiveness on the economic prosperity of business. [3 marks]
The dialogue included two effects of unproductiveness on the economic prosperity of business. [2 marks]
The dialogue included one effect of unproductiveness on the economic prosperity of business. [1 mark]
Dialogue: effects of unproductiveness on the economic prosperity of the individual [Marks out of 4]
The dialogue included at least four effects of unproductiveness on the economic prosperity of the individual. [4 marks]
The dialogue included three effects of unproductiveness on the economic prosperity of the individual. [3 marks]
The dialogue included two effects of unproductiveness on the economic prosperity of the individual. [2 marks]
The dialogue included one effect of unproductiveness on the economic prosperity of the individual. [1 marks]
Total marks out of 12:
Level 4: 9-12 marks (70–100%) – OutstandingLevel 3: 6-8 marks (50–69%) – AchievedLevel 2: 4-5 marks (35–49%) – Partially achievedLevel 1: 1–3 marks (1–34%) – Not achieved
Assessment Task
Stakeholders interested in financial statements (Pair activity)Complete the table below. [10 marks]
What financial statements reveal
Who would be interested in this?
Why would it interest them?
a) Quick ratio
b) Debt ratio
c) Profit
d) Net profit in relation to capital invested
e) Gross profit margin
TERM 4
Assessment Task
Economic growth,
economic development and the national budget (Pair activity)
Answer
the questions below in your workbook.
a)
What is economic growth? [1
mark]
b)
What is economic development? [1
mark]
c)
Why does South Africa need both economic growth and economic development? [2 marks]
d)
Explain the difference between developed and developing countries and give
three examples of each. [4
marks]
e)
Explain how the national budget works. [7
marks]
Peer assessment checklist
Criteria
|
Yes
|
No
|
My
partner could explain what economic growth is.
|
|
|
My
partner could explain what economic development is.
|
|
|
My
partner could explain why South Africa needs both economic growth and
economic development.
|
|
|
My
partner could explain the difference between developed and developing
countries.
|
|
|
My
partner could explain how the national budget works.
|
|
|
My
partner displayed empathy with the challenges of developing countries.
|
|
|
My
partner and I worked well together.
|
|
|
Assessment Task
Information
leaflet on legislation in the workplace (Pair activity)
1. Do research about the different acts that affect
the workplace in South Africa. Compile an information leaflet. Include basic
information in the information leaflet to inform workers of these acts. Include
information on the BCEA, LRA, EEA (Employment Equity Act) and SDA (Skills
Development Act).
2. Prepare a short presentation of two minutes to your
class on the acts in your leaflet. (Each of you should talk for one minute.)
Pretend that you have come to inform your fellow workers about how the acts
would affect them in their workplace.
Teacher assessment rubric:
information leaflet
Criteria
|
Marks
|
||||
Information
included in leaflet: information about four different acts [Marks out of 4]
|
The
leaflet includes at least four correct facts about each of the four different
acts. [4 marks]
|
The
leaflet includes three correct facts about each of the four different acts.
[3 marks]
|
The
leaflet includes two correct facts about each of the four different acts. [2 marks]
|
The
leaflet includes one or no correct facts about each of the four different
acts. [1 mark]
|
|
Attractiveness
of leaflet
[Marks out of 4]
|
The
leaflet is very attractive and neat. [4 marks]
|
The
leaflet is attractive and neat. [3 marks]
|
The
leaflet is somewhat attractive, but not neat. [2 marks]
|
The
leaflet is unattractive and untidy. [1 mark]
|
|
Total marks out of 8:
|
Level 4: 6-8 marks
(70–100%) – Outstanding
Level 3: 4-5 marks
(50–69%) – Achieved
Level 2: 3 marks
(35–49%) – Partially achieved
Level 1: 1–2 marks
(1–34%) – Not achieved
Teacher assessment rubric:
presentation
Criteria
|
Marks
|
||||
Information
included in presentation: effects of labour legislation on workers in the
workplace [Marks out of 4]
|
The
presentation includes at least four correct facts about effects of labour
legislation on workers in the workplace. [4 marks]
|
The
presentation includes three correct facts about effects of labour legislation
on workers in the workplace. [3 marks]
|
The
presentation includes two correct facts about effects of labour legislation
on workers in the workplace. [2 marks]
|
The
presentation includes one or no correct facts about effects of labour
legislation on workers in the workplace. [1 mark]
|
|
Presentation
[Marks out of 4]
|
Excellent
presentation given with confidence. Very well prepared. [4 marks]
|
Very
good presentation. Good preparation. [3 marks]
|
Satisfactory
presentation. Preparation could have been better. [2 marks]
|
Poor
presentation. Clearly very little preparation. [1 mark]
|
|
Total marks out of 8:
|
Level 4: 6-8 marks
(70–100%) – Outstanding
Level 3: 4-5 marks
(50–69%) – Achieved
Level 2: 3 marks
(35–49%) – Partially achieved
Level 1: 1–2 marks
(1–34%) – Not achieved
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