Introduction to Economics Pt 1

_____-economics is the study of how specific groups of people deal with scarcity.

a _______ is a place where any contact or communication between buyers and sellers to exchange goods & services takes place.

What does JSE stand for?

• Johannesburg Stock Exchange

• Johannesburg Securities Exchange

• Johannesburg School of Education

• Judicial Services Exchange

Tick all the alternative words we use to refer to shares.

• ‘equities’

• 'stock'

• 'dividends'

• 'Board of directors'

What does it mean to own a share?

• You are allowed to attend and vote at the AGM

• Have the right to receive annual and interim financial

  reports of the company

• You are entitled to a share of the profit of the company, known as 'dividend' if a dividend is declared.

• The company MUST hire you if you have the right qualifications.

A _______ market referes to a period of consistently

RISING share prices. The majority of share prices are increasing and the market is improving

A ______ market refers to a period of consistently FALLING share prices. Majority of shares are dropping, and market is declining, usually by 15% or more

__________ exists because we have insufficient resources to satisfy our needs and wants

Things of value, such as machines and tools, that are used to produce other goods are called...

• Capital goods

• Secondary sector

• Primary sector

• Labour

The basic economic problem that all people and nations face is...

• scarcity

• economics

• abundance

• poor healthcare