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Economic and management sciences

Grade 7

Economic policy direction (1910 – 1994)

Module 13

Restoring socio-economic imbalances

1. Economic growth

In a developed economy most of the citizens make a contribution of some kind. In South Africa many citizens do not form part of the working fraternity. People can only join the work force if they possess a certain degree of knowledge and skills. Inhabitants who form part of a working fraternity earn more money and the general standard of living in such families is higher. A low family income is often the reason why a large percentage of school leavers have to forgo suitable training and the acquisition of the necessary skills.

It will require a lot of planning and dedication on the part of all role-players to create opportunities for as many people as possible to contribute to South Africa’s economic growth. Entrepreneurship should be encouraged, labour must be focussed and productive, and labourers must be properly schooled. Even if the government passes laws to provide the necessary structures, only the inhabitants of the country themselves can really make the economy grow.

2. Ubuntu

Everybody must become involved and greed must be replaced with feelings of human fellowship. Growth is possible only where there is a spirit of unselfishness. South Africa needs Ubuntu.

UBUNTUCase Study: Joseph’s Story

Joseph was born in Transkei 30 years ago, as the fifth child in a family of eight. His father worked in a clothing factory and his mother stayed at home to care for the children. At the age of 22 Joseph decided to join his father in the big city and find a job. This would enable him to contribute to the family’s income and raise their standard of living. Just outside Cape Town Joseph and his wife moved into a wooden shack in another family’s back-yard. It was small and there was no privacy. In winter-time it was flooded, but Joseph would not give up and kept looking for a job.

One day, while walking along a main road, he came across a motorist who was having trouble with his car. As a child Joseph acquired some mechanical knowledge by watching while his uncle serviced other people’s cars to earn a living. He offered his help and it was not long before the motorist, Mr. Wall, could move on, but not before he had noted down Joseph’s particulars.

At a time when Joseph was getting rather despondent and thought that he would never find a job in the city, he received a call from Mr. Wall. His steel firm in Somerset West was opening a branch in Durbanville and Mr. Wall was looking for a handyman who could monitor and manage all the maintenance in the factory. He was so impressed by Joseph’s helpfulness and mechanical expertise that he invited him to come for an interview.

Before long Joseph was receiving in service-training. He was sent for a driver’s licence so that he would also be able to do deliveries. The steel firm benefited from Joseph’s excellent and reliable services, and Joseph enjoyed some very good perks.

Early one morning, after only three months in his first job, Joseph was struck down in a taxi cross-fire. He was severely injured and had to spend four months in hospital until the reconstructive surgery was completed. Mr. Wall’s steel firm, knowing all about Josephs qualities, in the meantime employed Joseph’s wife to help the family survive. Since then Joseph has been back at work on a full-time basis, although Mr. Wall had to make certain amendments to his job description, for due to his injury he was no longer allowed to lift heavy objects. Mr. Wall also started training Thandi, his wife, to help with administrative tasks.

Questions & Answers

how do they get the third part x = (32)5/4
kinnecy Reply
can someone help me with some logarithmic and exponential equations.
Jeffrey Reply
sure. what is your question?
okay, so you have 6 raised to the power of 2. what is that part of your answer
I don't understand what the A with approx sign and the boxed x mean
it think it's written 20/(X-6)^2 so it's 20 divided by X-6 squared
I'm not sure why it wrote it the other way
I got X =-6
ok. so take the square root of both sides, now you have plus or minus the square root of 20= x-6
oops. ignore that.
so you not have an equal sign anywhere in the original equation?
Commplementary angles
Idrissa Reply
im all ears I need to learn
right! what he said ⤴⤴⤴
what is a good calculator for all algebra; would a Casio fx 260 work with all algebra equations? please name the cheapest, thanks.
Kevin Reply
a perfect square v²+2v+_
Dearan Reply
kkk nice
Abdirahman Reply
algebra 2 Inequalities:If equation 2 = 0 it is an open set?
Kim Reply
or infinite solutions?
The answer is neither. The function, 2 = 0 cannot exist. Hence, the function is undefined.
Embra Reply
if |A| not equal to 0 and order of A is n prove that adj (adj A = |A|
Nancy Reply
rolling four fair dice and getting an even number an all four dice
ramon Reply
Kristine 2*2*2=8
Bridget Reply
Differences Between Laspeyres and Paasche Indices
Emedobi Reply
No. 7x -4y is simplified from 4x + (3y + 3x) -7y
Mary Reply
is it 3×y ?
Joan Reply
J, combine like terms 7x-4y
Bridget Reply
how do you translate this in Algebraic Expressions
linda Reply
Need to simplify the expresin. 3/7 (x+y)-1/7 (x-1)=
Crystal Reply
. After 3 months on a diet, Lisa had lost 12% of her original weight. She lost 21 pounds. What was Lisa's original weight?
Chris Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
many many of nanotubes
what is the k.e before it land
what is the function of carbon nanotubes?
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
what is system testing?
preparation of nanomaterial
Victor Reply
Yes, Nanotechnology has a very fast field of applications and their is always something new to do with it...
Himanshu Reply
good afternoon madam
what is system testing
what is the application of nanotechnology?
In this morden time nanotechnology used in many field . 1-Electronics-manufacturad IC ,RAM,MRAM,solar panel etc 2-Helth and Medical-Nanomedicine,Drug Dilivery for cancer treatment etc 3- Atomobile -MEMS, Coating on car etc. and may other field for details you can check at Google
anybody can imagine what will be happen after 100 years from now in nano tech world
after 100 year this will be not nanotechnology maybe this technology name will be change . maybe aftet 100 year . we work on electron lable practically about its properties and behaviour by the different instruments
name doesn't matter , whatever it will be change... I'm taking about effect on circumstances of the microscopic world
how hard could it be to apply nanotechnology against viral infections such HIV or Ebola?
silver nanoparticles could handle the job?
not now but maybe in future only AgNP maybe any other nanomaterials
can nanotechnology change the direction of the face of the world
Prasenjit Reply
At high concentrations (>0.01 M), the relation between absorptivity coefficient and absorbance is no longer linear. This is due to the electrostatic interactions between the quantum dots in close proximity. If the concentration of the solution is high, another effect that is seen is the scattering of light from the large number of quantum dots. This assumption only works at low concentrations of the analyte. Presence of stray light.
Ali Reply
the Beer law works very well for dilute solutions but fails for very high concentrations. why?
bamidele Reply
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 7. OpenStax CNX. Sep 10, 2009 Download for free at http://cnx.org/content/col11025/1.1
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