Term 1 - Topic 1 Unit 1

Question 1

What are the characteristics of NATURAL RESOURCES? Or explain NATURAL RESOURCES

Answer 1

• Availability/quantity cannot be increased
• Rare
• Can be depleted
  -Minerals are not recycable
  -Unevenly distributed over the earth ; quality differs

Question 2

Explain the IMPORTANCE of NATURAL RESOURCES

Answer 2

+ jobs can be created
+ important source of income for a country
+ processed and converted into useful goods

Question 3

South Africa is rich in NATURAL RESOURCES in agriculture, forestry and …………………….

South Africa does not have deep and wide enough rivers for ships/boats (for transport)

Answer 3

Fishing

Question 4

Different categories of LABOUR

Answer 4

Skilled / semi-skilled / unskilled

Question 5

Mention THREE methods of calculating GDP

Answer 5

PRODUCTION ; INCOME and EXPENDITURE method

Question 6

What does INTRINSICALLY HETEROGENEOUS LABOUR mean

Answer 6

Different / various

(people are different, their ability to work also differs)

Question 7

What is the biggest threat to labour in South Africa?

What negative impact does it have on the health of the workforce?

Answer 7

HIF and AIDS

• low life expectancy
• increase in poverty
• size of population decrease
• loss of skilled workers

Question 8

How can you improve the QUALITY of labour?

Answer 8

Education and Training

Question 9

Which factors influences the QUALITY of labour?

Answer 9

1) education (school related)
2) training (work-related)
3) health (diseases)

Question 10

What is the importance of LABOUR?

Answer 10

• main source of income for households (wages)
• LABOUR HELPS TO:
  > produce goods
  > add value to natural resources
  > transfer of skills
  > households can have a higher income
  > promoted higher levels of employment

Question 11

South Africa is a CAPITAL poor / rich country? AND WHY?

Answer 11

poor

We have limited supply of capital goods

Question 12

What is being used to produce other goods and services?

Answer 12

CAPITAL

Question 13

Capital creates ………………… growth

Answer 13

ECONOMIC

Question 14

For economic growth, capital can either be WIDENED or DEEPENED.

Explain.

Answer 14

WIDENED = Labour capital is MAINTAINED ————-
(Existing labour capital is maintained as the number of workers increases)

DEEPENED = Labour capital INCREASES ///////
(Each worker’s productivity is improved through an investment of capital goods, such as technology)