The Basic Economic Problem (Grade 11 NSC Matric Economics): Flashcards
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Practise the cards
10 cards from this deck
Democratic participation in local govt
Democratic participation in local govt
Communities have voice in decisions affecting their lives
2 key functions of local govt for community engagement
2 key functions of local govt for community engagement
Community consultation & information sharing
Apartheid's economic impact pre-1994
Apartheid's economic impact pre-1994
Created severe economic inequality & excluded majority
Year BBBEE Act passed
Year BBBEE Act passed
2003
Primary aim of BBBEE Act
Primary aim of BBBEE Act
Address inequality & bring excluded into economic mainstream
BBBEE human resource development objective
BBBEE human resource development objective
Promote skills development via mentorship & learnerships
BBBEE enterprise development objective
BBBEE enterprise development objective
Support growth of SMMEs & black-owned businesses
BBBEE women's economic participation objective
BBBEE women's economic participation objective
Increase black women's ownership & management of enterprises
Procurement policy definition
Procurement policy definition
Govt preference to BEE-compliant businesses in contracts
BBBEE community empowerment objective
BBBEE community empowerment objective
Enable rural/local communities to participate in economy