Economic Efficiency (Grade 11 NSC Matric Economics): Flashcards
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Economic efficiency definition
Economic efficiency definition
How govt delivers services to improve welfare & economic growth
Govt's 2 main roles in mixed economy
Govt's 2 main roles in mixed economy
Providing social services & delivering economic services
What are social services
What are social services
Govt services improving quality of life & reducing inequality
5 key SA social services
5 key SA social services
Education, healthcare, welfare/grants, housing, public order
SA education challenges (3)
SA education challenges (3)
Low literacy, poor Grade 12 pass rates, skilled worker shortage
Economic services purpose
Economic services purpose
Encourage business development, job creation & economic growth
GEAR acronym meaning
GEAR acronym meaning
Growth, Employment and Redistribution
RDP acronym meaning
RDP acronym meaning
Reconstruction and Development Programme
International competitiveness definition
International competitiveness definition
SA businesses' ability to match price & quality of foreign goods
3 ways to achieve international competitiveness
3 ways to achieve international competitiveness
Quality/competitive prices, stable exchange rates, low inflation