Key Concepts (Grade 12 NSC Matric Economics): Flashcards
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BBBEE purpose
BBBEE purpose
Sustainable wealth distribution across SA society
GEAR framework aims
GEAR framework aims
Promote growth, employment & income redistribution
ASGISA emphasis areas
ASGISA emphasis areas
Infrastructure development & skills enhancement programmes
DBSA role
DBSA role
Finance development projects in Southern African region
JIPSA addresses
JIPSA addresses
Skills shortages for job creation in key sectors
Economic growth vs development difference
Economic growth vs development difference
Growth=output increase; Development=quality of life improvement
Demand-side approach focus
Demand-side approach focus
Increasing aggregate demand via fiscal & monetary policy
Monetary policy implementer in SA
Monetary policy implementer in SA
South African Reserve Bank (SARB)
Fiscal policy operator in SA
Fiscal policy operator in SA
Department of Finance
SMMEs characteristics
SMMEs characteristics
Small market share, independent, few employees, owner-managed