South Africa's Mixed Economic System (Grade 11 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of economic system does South Africa operate?
What type of economic system does South Africa operate?
Mixed economic system
Which countries rely more on capitalism with less government involvement?
Which countries rely more on capitalism with less government involvement?
The United States
What does the profit motive encourage in South Africa's economy?
What does the profit motive encourage in South Africa's economy?
Entrepreneurship and innovation
What benefits result from competition between businesses?
What benefits result from competition between businesses?
Better products, lower prices
Which services might public sector businesses provide?
Which services might public sector businesses provide?
Electricity and water
Who owns the majority of South Africa's natural resources and businesses?
Who owns the majority of South Africa's natural resources and businesses?
Private individuals and companies
What freedom of choice do citizens have in the mixed economy?
What freedom of choice do citizens have in the mixed economy?
Where to work, what to buy
What does the state provide for vulnerable groups?
What does the state provide for vulnerable groups?
Healthcare, education, social grants
What problems can state-owned enterprises create?
What problems can state-owned enterprises create?
Inefficiency, higher prices
How might government intervention discourage employment?
How might government intervention discourage employment?
Excessive regulation, high taxes