Manufacturing and Services: Since 1990 (Grade 10 NSC Matric Economics): Flashcards
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Primary sector
Primary sector
Takes resources directly from nature (farming, fishing, mining)
Secondary sector
Secondary sector
Transforms raw materials into useful products (manufacturing)
Tertiary sector
Tertiary sector
Provides services (transport, banking, healthcare, education)
Centralisation in manufacturing
Centralisation in manufacturing
Concentration of factories in major cities for efficiency
Privatisation (since 1990)
Privatisation (since 1990)
Government transferring state-owned services to private sector
Parastatals
Parastatals
Partnerships between government and private companies
Brain drain
Brain drain
Educated workers leaving South Africa for opportunities abroad
How democracy boosted services post-1994
How democracy boosted services post-1994
Lifted sanctions, allowed trade and investment to flourish
Skills shortages impact
Skills shortages impact
Not enough trained workers to meet demand for skilled services
Out-sourcing
Out-sourcing
Companies contracting other businesses to provide services