Economics Grade 12 Summary Notes

Types of Indirect Taxes in South Africa with Examples

Indirect taxes are a type of tax that is levied on goods and services rather than on individuals or organizations directly. These taxes are...

The implication of Corruption on The Economic Growth of a Country

On this page, we critically discuss the implication of corruption on the economic growth of a country. Corruption cripples the economy and needs to...

Why are Factors of Production Important in the Circular Flow?

On this page, we discuss why factors of production are important in the circular flow. The circular flow of income and goods is a...

The Features used in Producing Banknotes to Prevent Counterfeiting in South Africa

The Features used in Producing Banknotes to Prevent Counterfeiting in South Africa. Imagine if everyone could just print money as they wish. How would poverty be...

Why Financial Crises have Different Causes in Emerging Economies Compared to Developed Economies

Why Financial Crises have Different Causes in Emerging Economies Compared to Developed Economies. On this page, we explain, using examples, why financial crises have different...

How Does the Market Economy Solve Unemployment in the Economy

The market economy is a system in which the production and distribution of goods and services is determined by the interactions of buyers and...

The Major Sources of Revenue for the Government in South Africa

The Major Sources of Revenue for the Government in South Africa. The government has financial budgets that are counted by billions of rands every year. Where is...

Barriers to Entry for Small Businesses into the Markets: Township Entrepreneurship

Barriers to Entry for Small Businesses into the Markets: Township Entrepreneurship. In many markets, small businesses face a number of barriers when trying to enter...

Examples of Tertiary Sector in South Africa

Examples of Tertiary Sector in South Africa. The tertiary sector, also known as the service sector or the service industry, plays a vital role in South...

Functions of the Competition Commission as Per the Competition Act of 1998, South Africa

Functions of the Competition Commission as Per the Competition Act of 1998, South Africa. The Competition Commission of South Africa was established through the Competition...

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New Economic Paradigm Grade 12 Essay Guide PDF Download

We must embrace a new economic paradigm that recognizes and acts upon the fundamental interconnections between the health of nature, the well-being of people, and...

Difference Between Direct And Indirect Tax With an Example

Difference Between Direct And Indirect Tax With an Example of Each. Direct tax is paid directly by the taxpayer to the government and cannot be...

How Businesses Deal with HIV and Unemployment as Socio-economic Issues in South Africa

How Businesses Deal with HIV and Unemployment as Socio-economic Issues in South Africa. Unemployment is a key economic indicator because it signals the ability (or inability) of...