Assignment 3

ESSAY ASSIGNMENT ( Submit a PDF document - 40 Marks)

Grade: 10
Topic: Contemporary Socioeconomic Issues
Type: Essay
Length: 1½ to 2 pages (typed or neatly handwritten)
Marks: /40

Instructions

Write a well-structured essay in which you address the following aspects related to socioeconomic issues and their impact on businesses in South Africa. You must use subheadings where appropriate and support your answers with relevant examples.

Essay guidelines

1. Introduction

• Define or explain the term “socioeconomic issues.”

• Briefly state why these issues pose a challenge to businesses in South Africa.

2. Key Socioeconomic Issues and Their Impact on Businesses

Discuss each of the following issues by explaining its meaning and describing its impact on businesses:

• Inequality and poverty

• HIV/AIDS

• Gambling (include types: e.g., online gambling, casinos, informal betting)

• Piracy (include media, software, clothing, etc.)

• Counterfeiting, bootlegging

• Strikes and labour unrest

• Political disturbance, violence, and crime

3. Business Responses and Solutions

• Explain the meaning and purpose of inclusivity in the workplace, and how it helps businesses respond to inequality.

• Recommend solutions businesses can use to combat piracy, including: Copyrights, Patents, Trademarks

4. Conclusion

• Summarise the overall impact of socioeconomic issues on the success, profitability, and sustainability of businesses.

• Briefly explain why businesses must be proactive in addressing these challenges.

Assessment Criteria