Defining and Understanding Socio-Economic Issues (Grade 10 NSC Matric Business Studies): Flashcards

Problems affecting both social & economic aspects of society

Difference in income levels & wealth between different groups

When people lack basic resources to meet fundamental needs

Ensuring all people have access to same opportunities

Gap between rich & poor in income levels & living standards

When people willing & able to work cannot find jobs

Unfair treatment based on race, gender, religion or disability

Poor people have no money to spend on goods & services

Employees absent more or unable to perform at full capacity

Create environment where all employees feel valued & welcome