Term 1 - TOPIC 3 UNIT 1 Flashcards
1
Q
Privatisation and ………………….. could be practised in a MIXED economy
A
Nationalisation
2
Q
What is PRIVATISATION?
Provide an example
A
Sale of government asset to private sector
EXAMPLE: Escom
3
Q
What is NATIONALISATION?
Provide an example
A
Government BUYING an asset from the private sector
EXAMPLE: A mine
4
Q
Who is ENOCH GODONGWANA?
A
Minister of Finance
5
Q
What do you call the illegal avoidance of paying tax?
A
Tax evasion
6
Q
South Africa is a member of ……………………………..
(made up of Brazil, Russia, India and China)
A
BRICS
B - Brazil
R - Russia
I - India
C - China
S - South Africa
