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Grade 12 Economics Flashcards
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The foreign exchange market and the balance of payments accounts
Protectionism and free trade
- A desirable mix of protection and free trade
- Evaluation of South Africa's trade policies
- Export promotion
- Free trade
- Import substitution
- Key concepts
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Dynamics of imperfect markets
The reasons for and consequences of market failures
South Africa’s industrial policies and their suitability in terms of international best practice
- Appropriateness of SA regional, small business, and BEE policies
- Appropriateness of South Africa's industrial policies
- Incentives to encourage industrial development
- Industrial development policies in South Africa
- Key concepts
- Regional development
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South African economic and social indicators
Environmental sustainability
The circular flow model, national account aggregates and the multiplier
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Short, spaced-repetition cards covering definitions, formulas, and key facts for Grade 12 Economics.
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