Economics Grade 12 Summary Notes

South African Businesses Types and Their Market Share. The South African economy, known for its diverse economic structure, hosts a plethora of businesses from...

How are Market Prices Affected by Unemployment in the Economy of South Africa. On this page we discuss how market prices are affected by...

The circular flow is a theoretical model that illustrates how money, goods, and services flow through an economy. The model depicts households, firms, and...

List of Five goods on which no VAT is charged in South Africa. Here’s a quick look at five goods on which no VAT...

Economics is a social science with stakes in many other fields, including political science, geography, mathematics, sociology, psychology, engineering, law, medicine and business. The central...

Why Does the Government Set Maximum Prices on Fuel. From time to time, the government regulates the prices of some goods and services such as...

The circular flow means the unending flow of production of goods and services, income, and expenditure in an economy. It shows the redistribution of...

Exclusion and Access to Opportunities in Different Economic Sectors: Economic exclusion refers to the limited access or lack of opportunities for certain individuals or...

Products which are Excluded from VAT in order to help the Poor in South Africa. Value-added tax (VAT) is a tax that is levied...

On this page we look at what type of tax is considered to be the biggest contributor to the South African national budget. What...