EMS 08D

People's access to things such as goods and services that make life more comfortable

• Lifestyle

• Standard of living

• Rural society

• Modern society

If you do not live in rural societies you live in .......society

This is a .......... and it is an example of...........

• Truck,transport

• Vehicle, Asset

• Transport,equity

• Asset,vehicle

Stock and shares are sold in the ......market

In accounting equation, when a business receives cash it will affect two accounts which are......

• Liability,owners equity

• Asset,liability

• Asset,owners equity

• Liability, asset

........ and ......... are sold in this market because this is an example of........ market

• Goods, services, factor

• Factor,service,bank

• Goods,labour,services

• Stock,shares,financial

Sir Tshilidzi started a business with R70 000, he employed two workers Lasie and Success, Sir tshilidzi rents a building at Dan village where the business operates, he is the one that combines all these factors of production.

Check the picture above and answer the following question

From the picture, the R70 000 is.........

Mr Tshilidzi is .........

Lasi and success are..........

Where the business is renting is........

• BORROWED CAPITAL,LABOUR,LAND,RENT

• CAPITAL, ENTREPRENEUR,LABOUR,LAND

• OWN CAPITAL,OWNER,WAGES,LAND

• LABOUR,RENT,CAPITAL,WAGES

Identify skilled labour

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Unskilled labour

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Semi skilled

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