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2.5 The Employment Equity Act protects workers from discrimination. (1)

5.2 Study the diagram below that represents the economic cycle. Fill in the missing words. (4)          CLICK HERE TO OPEN THE DIAGRAM IN A NEW TAB:           Households are the consumers of [ANS1] and the owners of the [ANS2]. Households buy their necessities at [ANS3] and this is called consumer spending. Businesses buy the factors of production such as e.g. labor in households and pay them in the form of [ANS4].  

2.7 A housewife who is not looking for work is considered unemployed. (1)

3.3 Shampoo with which customers’ hair is washed in the salon is regarded as consumer goods/trading stock. (1)

2.7 A housewife who is not looking for work is considered unemployed. (1)

4.1.1 Capital = (1)

  Question 2 [10]   Indicate whether the following statements are TRUE or FALSE.  

2.9 From 1 January 2021, cheques will no longer be accepted in South Africa. (1)

5.4 What is the market called where factors of production are traded? (1)      

4.1.2 Labor = (1)