Africa: Economic Systems DT #6 Re-Performance Lesson

​Africa: Economic Systems Discovery Ticket #6 Re-Performance Lesson

​South Africa's Economy

​•Considered “mostly unfree” on the Heritage Foundation scale of economic freedom making it a “mixed” economic system.

•Government corruption is one barrier to more economic freedom

•The government has abolished most price controls, allowing for free markets to grow

•There are still some state-owned enterprises for example the diamond, electric, railways, and forestry industries

•Trade is very important to South Africa’s economy, making up about 60% of the nation’s GDP

•South Africa holds an overall economic freedom score of 58.8

Multiple Choice

Which best describes the economy of South Africa?

• Pure Market

• Mostly Unfree

• Pure Command

• Mostly Free

Multiple Choice

Which activity makes up 60% of South Africa's GDP?

• Tourism

• Trade

• Service Industries

• Research and Development

​Nigeria's Economy

​•Considered “mostly unfree” making it a “mixed, leans command” economic system

•Affected by rampant corruption, an underfunded court system, and political interference

•Taxes are low in Nigeria, as is government spending, which means that people keep most of what they earn.

•Trade is important, especially with oil exports, but the corruption and foreign exploitation hurt Nigeria’s economic growth 

•Nigeria holds an overall economic freedom score of 54.8

•Major industries include oil and energy industries, and agriculture that is almost ¾ “underground foods,” like yams, cassava, and potato. Dependence on subsistence agriculture keeps many people tied to their farms instead of expanding into other industries.

Multiple Choice

     Which best describes the economy of Nigeria?

• Pure Command

• Mostly free

• Mostly unfree

• Pure Market

Multiple Choice

Trade in Nigeria is impeded by political corruption, lack of foreign investment, and trade barriers.

• True

• False

​Kenya's Economy

​•Considered “mostly unfree” making it a “mixed, leans command”

economic system.

•The government’s right to seize land for state owned industries is

a hindrance to free market growth

•the courts are weak, and corruption is pervasive and entrenched.

•Illegal child labor is a problem

•The government (not businesses) is the largest employer

•Trade is moderately important to Kenya’s economy 

•Kenya holds an overall economic freedom score of 55.5

•Major industries include tourism, manufacturing, transportation and infrastructure, information and communications technology. Agriculture is the largest segment of the economy and includes tea, coffee, flowers, and vegetables

Multiple Choice

The largest employer in Kenya is _____________.

• the tourism industry.

• the movie industry.

• the government

• the medical industry