Economic And Management Sciences Grade 9 P2 2024 Memo (Eng)

Downloaded from hlayiso.com PROVINCIAL EXAMINATION JUNE 2024 GRADE 9 MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES: THE ECONOMY AND ENTREPRENEURSHIP (PAPER 2) 4 pages

Downloaded from hlayiso.com MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 SECTION A: ALL TOPICS QUESTION 1 1.1 MATCHING ITEMS 1.1.1 D 1.1.2 C 1.1.3 A 1.1.4 E 1.1.5 B 5 1.2 FILL IN THE MISSING WORD 1.2.1 mixed economic  1.2.2 tertiary  1.2.3 secondary  1.2.4 primary sector  1.2.5 Economic cycle/Circular flow model  5 TOTAL SECTION A: 10 10 2

Downloaded from hlayiso.com MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 SECTION B: THE ECONOMY QUESTION 2: ECONOMIC SYSTEMS 2.1 The trade and exchange of services or goods with other countries.  (2) 2.2 China  (2) 2.3 Technological innovations in mining or agriculture improve the efficiency of the products in South Africa, and makes the country’s products competitive.  Technological innovations also assist with reaching more customers in terms of improved ways of communication which leads to more trade with other countries,  e.g social media.  Globalisation has expanded the opportunities for South African farmers, mining and other exports to reach a larger scale of consumers worldwide and to improve business and trade,  e.g. transport is more readily available and can reach all corners of the world  (Any other relevant answer.) (3) [7] QUESTION 3: CIRCULAR FLOW 3.1 Factor market  (1) 3.2 Businesses hire workers from households to produce goods and services, the households use their salaries or income to spend on goods and services.  (2) 3.3 Income tax  Property tax  (2) [5] QUESTION 4: PRICE THEORY 4.1 Price  (1) 4.2 Quantity  (1) 4.3 9 keyrings  (2) 4.4 Equilibrium price is R50  (2) 4.5 Equilibrium quantity is 6 keyrings .  (2) [8] TOTAL SECTION B: 20 20 3

Downloaded from hlayiso.com MARKING GUIDELINES ECONOMIC AND MANAGEMENT SCIENCES (PAPER 2) GRADE 9 SECTION C: ENTREPRENEURSHIP QUESTION 5: SECTORS OF THE ECONOMY 5.1 Primary sector – farmer, fisher, miner, hunter etc.  Secondary sector – manufacturer, engineers, food processors etc.  Tertiary sector – bankers , distributers, doctors, teachers, etc. (Any other relevant answer.) (6) 5.2 Loadshedding is the controlled or deliberate power cuts of specific areas or customers for a certain period of time.  (2) 5.3 These industries often rely on energy intensive machinery and equipment.  Agriculture is mostly based on long term planning for infrastructure and load- shedding is a destructive to investors as all these sectors depend highly on investments.  It disrupts manufacturing processes by causing unplanned downtime. This leads to reduced production output and lower profit (Any other relevant answer.) (6) 5.4 Picture 1: Tertiary sector  Picture 2: Tertiary sector  Picture 3: Tertiary sector  Picture 4: Secondary sector  Picture 5: Primary sector  Picture 6: Tertiary sector  (6) [20] 20 TOTAL SECTION C: 20 TOTAL: 50 4