Theme 4

Question 1

What is Macroeconomics?
What is Economics?

Answer 1

1. Branch of economics
2. Social science which deals with the economic behavior of individuals and organizations engaged in the production, distribution, consumption of goods and services.

Question 2

What are the three economic sectors?

Answer 2

1. Agricultural sector
2. Industrial sector
3. Information sector.

Question 3

Information and factors of production?

Answer 3

1. Land
2. Labor
3. Capital
4. Entrepreneurship

Question 4

What are the basic principles for success?

Answer 4

1. Know a good business idea from a bad one
2. B unique in your market
3. Put in time
4. Use your support network.

Question 5

What are the trends in selected South African information industries?

Answer 5

1. Telecommunications sector - telemedicine, distance learning, electronic commerce
2. Print sector- comprises predominately of books, newspapers and magazine publishing.

Question 6

Globalization

Answer 6

Created new jobs for wage workers and has provided new markets to those who are self employed in informal sectors in south Africa. Therefore globalization has given women who have small business the opportunity to develop and grow, they are provided with access to enter markets both locally and globally.
Globalization is the term used to refer to the integration of goods, services, and culture among the nations of the world.

Question 7

Informatization and information technologies

Answer 7

Considered to be the two main aspects which are required to help strengthen the cultural, economic, political and social criteria of South Africa. ICTs are important aspects to consider when it comes to the up and coming knowledge based market in south Africa as they eliminate the level of poverty in South Africa.
the extent by which a geographical area, an economy or a society is becoming information-based,

Question 8

Globalization and Informatization

Answer 8

Have different phenomenon effects on men and women, which bring the socio-economic changes that cause men to be more dominant over women in the information and knowledge society.

Question 9

Male breadwinner bias

Answer 9

This kind of bias occurs when the public sector support for unpaid care work is constructed under the assumption that unpaid care is performed by women who are dependent of a male breadwinner. When there is male breadwinner bias women’s access to social insurance, pensions, welfare, benefits and public services tends to be through husbands.

Question 10

What are the three kinds of non-market work that women do.

Answer 10

1. Subsistence production - is production for home use of goods which in principle could be marketed - such as food, clothing, furniture , pottery housing ext. In principle it should be included in the measurement of our GNP.
2. Unpaid care work is the work of looking after a household - personal care for family, friends, and neighbors. In principle it is defined as lying outside the production boundary but is vital for keeping social fabric in good repair, and for maintaining the labor force.
3. Voluntary community work includes unpaid activity in all kinds of civic associations - it includes everything for self help groups of mother, to improvements in neighborhood security. These are excluded from GNP Voluntary work makes a vital contribution to sustaining the fabric of society, particularly the sense of civic responsibility

Question 11

Information industries as opportunity industries

Answer 11

“information industries as opportunity industries” means that the various sectors related to information and technology are seen as having the potential to drive economic growth, create new jobs, foster innovation, and contribute significantly to a country’s or region’s overall development and prosperity.