Question2
Learner Name:
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Assessor:
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Moderator:
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ECONOMIC AND MANAGEMENT SCIENCES
TERM 1 - ASSIGNMENT GRADE 9
DATE: 10 MARCH 2021
DURATION: 30 MINUTES
TOTAL MARKS: 15 MARKS
INSTRUCTIONS
1. This assignment is done in class and forms part of the formal assessment for term 1
2. Write your name and surname on the answer folio.
3. Read the assignment carefully and answer all the questions in full sentences.
4. Learners are allowed to make use of textbooks and other resources.
5. Use the numbering system as indicated in the assignment.
6. Write neatly and legibly.
7. Good luck.
ECONOMIC SYSTEMS
An economic system is a system used by the government of a country to solve the
country's economic problem, namely scarcity.
CENTRAL PLANNED ECONOMIC SYSTEM
1.1 List THREE characteristics of a planned economic system. (3)
1.
2.
3.
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1.2 Name ONE country that makes use of a planned economic system. (1)
Answer: ________________________________________
1.3 There are people who support the planned economic system and they argue certain
benefits. List THREE advantages of a planned economic system. (3)
1. ____________________________________________
2. _____________________________________________
3. _______________________________________________
1.4 Briefly discuss in an argumentative paragraph whether a central planned economic
system in South Africa can work. (8)
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Total Marks [15]
EMS TASK 1 – ASSIGNMENT GRADE 9 MEMO
15 MARKS 30 MINUTES
MARKING GUIDELINES
ECONOMIC SYSTEMS
TOPIC: PLANNED ECONOMIC SYSTEM
1.1 Name THREE characteristics of a central planned economic system. (3)
 Government controls the factors of production √
 Government decides what goods and services to produce √
 Government decides how production will take place √
 Government decides who will consume the goods and services. √
Any 3x1
1.2 Name ONE countries that use a centrally planned economic system. (1)
 North Korea √
1.3 There are people who support the central planned economic system, and they
argue certain benefits. List THREE advantages of a centrally planned economic
system. (3)
 Effective allocation of resources √
 Individuals are motivated to seek profit; they will always find the most efficient
way to produce goods and services √
 They make the best out of available resources. √
1.5 Briefly discuss in an argumentative paragraph whether a planned economic
system in South Africa can work. (8)
 South Africa is a democratic country and with the planned economic system the
government takes all the decisions. √√
 The government owns the factors of production and decides what goods and
services will be produced √√
 Individuals are not given the chance to decide what they need of want and in a
country like SA this is not the case √√
 The government controls and determines the prices of products and in SA prices
are determined by supply and demand. √√
ANY OTHER ACCEPTABLE ANSWER
[15]
Learner Name:
_________________________________________________________
Assessor:
_________________________________________________________
Moderator:
_________________________________________________________
ECONOMIC AND MANAGEMENT SCIENCES TASK 2
TERM 1 – CLASS TEST
GRADE 9
DATE: 20 MARCH 2021
DURATION: 30 MINUTES
TOTAL MARKS: 11 MARKS
INSTRUCTIONS
1. This CLASS TEST forms part of the formal assessment for term 1
2. Write your name and surname on the answer folio.
3. Read the assignment carefully and answer all the questions in full sentences.
4. Use the numbering system as indicated in the assignment.
5. Write neatly and legibly.
6. Good luck.
THE CIRCULAR FLOW
South Africa, is in the middle of a Covid-19 pandemic.
During President Ramaphosa family meeting speeches, he spoke about the economy and
possible methods to help the economy recover after the national lockdown. Because of the
lockdown there were slow money flows.
But what is the meaning of economy?
“Economy is a term used to describe an environment in which consumers and producers are
involved in activities as they are about making and consuming goods and services and
accumulating wealth.” (Economic science and management, Today.)
With the above mentioned statements in mind, answer the following questions.
4.1 Name the FOUR participants in the economic cycle. (4)
1
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2
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3
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4
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4.2 Draw a circular flow/economic cycle diagram with the government included. (7)
TOTAL=[11]
EMS CLASS TEST 1 MEMO
GRADE 9
DATE: 20 MARCH 2021
TOTAL MARKS: 11 MARKS
DURATION: 30 MINUTES
THE CIRCULAR FLOW
With above in mind answer the following questions.
4.1 Name and discuss the FOUR participants in the economic cycle. (4)
 Households √
 Businesses √
 Government √
 Foreign sector √
4.2 Draw a circular flow/economic cycle with the government included. (7)
HOUSEHOLDS√
GOODS & SERVCES
MONEY√
FACTORS OF PRODUCTION
MONEY
GOVERNMENT√
FACTOR MARKET√
GOODS & SERVICE
MARKET√
FACTORS OF PRODUCTION
MONEY MARKET√
FACTORS OF PRODUCTION
MONEY
BUSINESSES√