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Name the Special Economic Zone which is in the Free State province

Name the Special Economic Zone which is in the Free State province:

Name the Special Economic Zone which is in the Free State province is Maluti-A-Phofung Special Economic Zone (MAPSEZ) , in Harrismith Free State.

  • 1 What does Maluti-A-Phofung Special Economic Zone(MAPSEZ) Provide?
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What does Maluti-A-Phofung Special Economic Zone(MAPSEZ) Provide?

The zone provides road and rail logistics and handling facilities for the Gauteng–Durban port corridor and links to the Bloemfontein–Cape Town corridor.

The launch of the 1038 hectare special economic zone (SEZ)is part of government’s SEZ programme aimed at accelerating socio-economic growth and development in the region and part of the government’s programme of radical socio-economic change.

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Distinguishing between Direct and Indirect Taxes: Provide an Example of Each

Distinguishing between Direct and Indirect Taxes : Provide an Example of Each: Let’s learn something about taxes. Taxes can be either direct or indirect. A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. Indirect taxes are basically taxes that can be passed on to another entity or individual. They are usually imposed on a manufacturer or supplier who then passes on the tax to the consumer.

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Watch a quick explanation on direct vs indirect taxes

Did you know: The most common example of an indirect tax is the excise tax on cigarettes and alcohol. Value-Added Taxes (VAT) are also an example of an indirect tax.

Examples of Direct Tax

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Examples of Indirect Taxes

  • Customs tax

List of payable taxes in South Africa

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  • Turnover Tax
  • Unemployment Insurance Fund
  • Value Added Tax
  • Withholding Tax on Interest
  • Withholding Tax on Royalties

https://apps.irs.gov/app/understandingTaxes/teacher/whys_thm04_les04.jsp

https://corporatefinanceinstitute.com/resources/knowledge/other/indirect-taxes/

https://economictimes.indiatimes.com/definition/direct-tax

Economics Grade 10 Essays pdf download

Economics Grade 10 Essays pdf download: Below are some essay or speech topics for grade 10 learners that they can use as a guide in South African context.

  • The balance between demand and supply
  • Consumer demand theory
  • The theory of production: The process of changing materials into products
  • The structure of a market and the system that comprises it
  • The labor economics
  • The information economics
  • The economics of market structure in South Africa
  • Opportunity costs
  • 10 principles of economics
  • The difference between long term and short term economic growth
  • Recession in the economy of any country and its causes
  • Pros and cons of the current money system in South Africa
  • The place of small and family business in the economy
  • Poverty in relations to the economics of the particular country
  • The economic policy (of your choice) tool and its effectiveness
  • The effect of immigration on the economy
  • The impact of trade policies on the economics of South Africa
  • The effects of interest rates on any individual or business
  • The current employment rate in South Africa and its Impact
  • Impact of Inflation in South African Economy
  • The relationship between income and the happiness of a person
  • The relationship between economics and housewives in South Africa
  • The beer industry in South Africa
  • Reasons why all students should learn their country’s economy

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economics grade 10 assignment term 3

Grade 10 Economics – Term 3 – Unit 1: Growth, Development and Globalisation

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  • Demand Curve
  • Factors of Demand
  • Law of Demand

Economics Grade 10 - Demand

Economics Grade 10 - Demand

ECONOMICS GRADE 10  

Topic:  introduction to demand, by the end of this lesson, learners should know how to:.

  • define Economics
  • define demand
  • state the law of demand
  • list and discuss the factors which determine demand
  • draw the demand curve using the demand schedule
  • differentiate between changes in quantity demanded and changes in demand

Introduction to Economics

Welcome to economics grade 10 .

I bet you are all as excited as I am to be a part of this fun and interactive lesson in Economics. What is Economics? How would you define it to a friend or relative? 

After discussing or defining Economics by yourself, you can click on the attached links below to view the definition of Economics both in video and written format. 

Table of Content

Introduction to Economics
Body - Demand  
 
Changes in quantity demanded and demand

Definition of demand - Law of demand

Demand has to do with the willingness and ability to buy a good or a service.

It refers to the quantities of goods and services that a consumer is willing and able to buy at a specific price, in any given point in time. 

Demand is determined by the buyer (consumer).

See attached images for the definiton of demand and law of demand.

Demand and Law of demand     

Example of Law of demand            

Is the picture below illustrating demand? Why do you say so?

Cartoon example

Factors that determine demand

Give the learners the corrections for the pre-activity:

  • The quantities demanded for bread will decrease due to an increase in the price of bread. This means that bread has become expensive.  
  • Dineo will now buy less quantities of rice because she cannot afford more of it anymore since her salary decsreased from R3000 to R2000.
  • They will demand more goods and services.

Below is a pictrue that shows illustrations of the factors that have an influence on demand. 

Determinants of demand

You are also welcome to click on the link attached on this section that explains these factors that determine demand. 

Pre-activity

Individual activity. Refer to what you have just read and heard about the factors that determine demand and answer the following questions:

  • The price of bread increases from R10 to R15. What will happen to the quantities demanded for bread? (2)
  • COVID-19 has had a negative effect on Dineo's salary which decreased from R3000 to R2000. What will now happen to Dineo's demand for rice if her salary decreases? (2)
  • The population growth rate of South Africa has increased. Will the new members of this country demand to buy more or less goods? (2)                                                                                    TOTAL= 6

Position of the demand curve

CORRECTIONS FOR CLASSWORK ACTIVITY:

DEMAND FOR CHOCOLATE BARS

The position of the demand curve is downward slopping, from left to right. This is due to the law of demand .

When drawing a graph showing a demand curve, prices should be wriitten on the y-axis (from smallest to biggest price) and quantities on the x-axis (from smallest to biggest price). See the picture below to get a visual representation of the curve: 

Demand curve

CLASSWORK ACTIVITY (DURING THE LESSON)

Use the demand schedule below to draw a graph showing a demand curve for chocolate bars. Label all axis carefully. (5)

PRICE OF CHOCOLATE BARS (P)QUANTITY OF CHOCOLATE BARS (Q)
R105
R204
R303
R402
R501

Changes in quantity demanded versus changes in demand

CORRECTIONS FOR THE HOMEWORK ACTIVITY:

  • Substitute goods are goods that can be used in the place of other goods in order to satisfy a need or a want. Examples: tea and coffe.  Complementary goods are goods that can be used together with other goods in order to satisfy a need or a want. Examples: toothbrush and toothpaste.
  • The demand curve is downward slopping because of the law of demand. 

Demand for meat

       

Demand for milk

Changes in quantity demanded:

  • Also known as 'movement along the demand curve'.
  • Shown by the price of a good or service.        

Changes in demand:

  • Also known as 'shift of the demand curve'.
  • Shown by the other factors of demand (such as level of income) besides the price of a good or a service).  

The video below explains in detail the changes in quantity demanded and changes in demand. It also summarizes the content of this lesson. Click on the video below to watch it: 

Homework: .

Individual work. 

  • Differentiate between substitute goods and complementary goods. (4)
  • Why is the demand curve downward slopping? (1)
  • Price of meat decreases from R50 to R20. What will happen to the portions (quantities) of meat you will be buying? Illustrate this using your own graph. You can use your own quantities. (2)
  • Sam's income increases from R2000 to R2500. Will Sam buy more or less litres of milk? Answer this question using a graph. (2)                                                                                                  TOTAL = 9

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    Grade 10 Economics Term 3 Unit 1 - Growth, Development and Globalisation Sources used: Enjoy Economics, Focus Economics, Step Ahead KZN Compiled in accordance with the latest ATP Fun, modern design, guaranteed to help maintain learner attention. Editable, which allows you to add additional information, worksheets or even corrections.

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    Demand has to do with the willingness and ability to buy a good or a service. It refers to the quantities of goods and services that a consumer is willing and able to buy at a specific price, in any given point in time. Demand is determined by the buyer (consumer). See attached images for the definiton of demand and law of demand.