Revision Activities, Assignment and Memorandums

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  ASSIGNMENTS (Answer all questions, use your own words and submit a pdf document under the submit assessment and tasks tab)

  Assignment 1

  Question 1

  • 1. Define the primary, secondary, and tertiary sectors.
    2. Provide two practical examples for each of the three sectors.
    3. Using your own words, explain how the three sectors are interdependent.
    4. Briefly explain how these sectors contribute to the economic development of South Africa.

MEMORANDUM FOR ASSIGNMENT 1

1.Define the primary, secondary, and tertiary sectors.

• Primary Sector:
  Involves the extraction of natural resources directly from the earth. This includes farming, mining, fishing, and forestry.
• Secondary Sector:
  Involves processing or manufacturing raw materials from the primary sector into finished goods or intermediate products.
• Tertiary Sector:
  Provides services to businesses and individuals, including transport, retail, education, health care, and financial services.

2. Provide two practical examples for each of the three sectors.

• Primary Sector Examples:

A platinum mine in Rustenburg

A maize farm in the Free State

• Secondary Sector Examples:

A car manufacturing plant in Durban (e.g., Toyota SA)

A food processing factory producing canned goods

• Tertiary Sector Examples:

A bank such as Standard Bank or FNB

A supermarket like Shoprite or Pick n Pay

3. Using your own words, explain how the three sectors are interdependent.

• The three sectors rely on each other to function. The primary sector provides raw materials (like crops or minerals), which the secondary sector uses to make products. The tertiary sector then helps distribute and sell these goods or provides services like banking and transport. For example, maize is farmed (primary), processed into maize meal (secondary), and sold in supermarkets (tertiary). Without one sector, the others cannot operate efficiently.

4. Briefly explain how these sectors contribute to the economic development of South Africa.

• The primary sector brings in foreign income through exports (e.g., gold, coal) and creates rural employment.
• The secondary sector supports industrialisation, adds value to raw materials, and creates jobs in urban areas.
• The tertiary sector stimulates business activity through services, grows the middle class, and improves the standard of living.

ASSIGNMENT 2

Section A

1. Define the formal and informal sector
2. Give two real-life examples of businesses in each sector found in your community.
3. Differentiate between the formal and informal sectors in terms of: Regulation, Taxation , Employment
4. Explain how both sectors contribute to employment and the economy.
5. Define and compare the public and private sector in terms of ownership, purpose, and examples.
6. Provide a short paragraph explaining the importance of cooperation between public and private sectors for development.

Section B

Read the scenario about Sipho below and and answer the questions that follow.

Sipho is a young entrepreneur in a rural area in Limpopo. He started a small informal fruit-selling business near a local taxi rank. His business is doing well, and he is considering registering it to become part of the formal sector. At the same time, he is exploring opportunities to partner with a friend who owns a small juice processing factory (secondary sector). Sipho also noticed that the local municipality (public sector) is offering support programs for small businesses, while a large supermarket chain (private sector) is planning to open a store nearby, which may affect his sales.

1. Identify the sectors involved in Sipho’s story (primary, secondary, tertiary, formal, informal, public, and private). Provide an explanation for each.
2. Describe how Sipho’s informal fruit business is connected to the secondary and tertiary sectors.
3. Do you think Sipho should register his business and move to the formal sector? Justify your answer with at least two advantages and two disadvantages.
4. Suggest a plan that Sipho could follow to expand his business by collaborating with the juice factory and taking advantage of the public sector’s support programs.
5. What are the potential risks and benefits of a large supermarket opening in the area for Sipho's business.