Economics Grade 12 Summary Notes

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. On this page, we explain, using examples, why financial crises have different...

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 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. In many markets, small businesses face a number of barriers when trying to enter...

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. The Competition Commission of South Africa was established through the Competition...

Benefits of a market economy include increased efficiency, production, and innovation. Disadvantages include monopolies, no government intervention, poor working conditions, and unemployment. What are the...

Monopoly is a type of market structure in which a single company and its goods and services dominate the market at all times. Some...

The foreign exchange market (also known as forex, FX, or the currencies market) is an over-the-counter (OTC) global marketplace that determines the exchange rate...