Introduction
Goodmorning class , today we will cover the topic on Socio - Economic Issues.
If we take the topic and break it up we looking at the following:
Socio - refers to the "people" of or within the economy.
Economic - refers to the "economy" of a country.
Issues - refers to the "problems"
Task
CONTEMPORARY SOCIO- ECONOMIC ISSUES
Follow the videos given in the introduction and the one below to answer the following
Task 1
Date: 20 August 2021
Question 1: Read the following scenario and answer the following questions.
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Jaen Manufacturers (JM) Jaen Manufactures has employed 30 workers who are responsible for the manufacturing of men’s winter clothes. Highly skilled workers earned better salaries than others. Their standard of living is even better than other workers.
Some workers stay absent from work due to a disease that is transferred from one infected person to another healthy person. Unskilled workers have decided to join illegal money-making investment with the hope of obtaining money to improve their lifestyles. Some workers refuse to work until they are paid better salaries. JMs stock was stolen at night when they were not open for business.
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1.1) Identify THREE socio-economic issues from the above scenario. Motivate your answer by quoting from the scenario.
Use the table below to present your answer. (6)
| socio-economic issue | motivation |
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Question 2 : Fill in the correct word in the missing space provided that completes the following description
2.1) occurs when a person is actively searching for work but unable to find work. (2)
2 .2) Discuss the impact of “INEQUALITY” and “POVERTY” on businesses as a (6)
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2.3) Explain the meaning of the following concepts (2)
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- Inclusivity |
2.4) Explain the PURPOSE of Inclusivity in the workplace (4)
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Total - 20
Process
Watch the following videos to have a little more closer look at the content.
Evaluation
The following marking structure will be used to mark your task that you have completed and submitted.
marking guideline:
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Question 1.1 = ×1 mark for naming the socio-economic issue =×2 marks for motivation |
Split marking |
Max ×6 |
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Question 2.1 = ×2 marks Filling the missing word |
Split marking |
Max ×2 |
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Question 2.2 = Explaining in detail the impact ×2 marks each bullet |
Split marking |
Max ×6 |
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Question 2.3 = Any relevant description which suits best |
Split marking |
Max ×2 |
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Question 2.4 = Explaining in detail the impact ×2 marks each bullet |
Split marking |
Max ×6 |
Total = 20
Memorandum:
1.1)
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Socio-economic issue |
Motivation |
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Inequality √ |
Highly skilled workers earned better salaries than other workers√ Their standard of living is even better than others √ |
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HIV/AIDS√ |
Some workers stay absent from work due to a disease that is transferred from one affected person to another healthy person √ |
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Gambling √ |
Unskilled workers have decided to join illegal money-making investment with the hope of obtaining money to improve their lifestyles.√ |
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Strike √ |
Some workers refuse to work until they are paid better salaries. √ |
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Crime √ |
JMs stock was stolen at night when they were not open for business.√ |
2.1 Unemployment √√
2.2)
- Poverty affects consumer spending √ poor people cannot afford to buy goods √
- This may lead to crime √ because people now start to shoplift and robberies on businesses √
- Poverty shrink the business √ because people cannot spend money and buy luxury goods and therefore business cannot grow √
- Inequality results in lack skills and job opportunities√
- Business spend more money on relieving poverty √through social programmes √
2.3) Inclusivity
- Entails giving everyone equal opportunities √√
- Nobody should be discriminated against ( age , gender , race and disability) √√
- It values the difference between people and encouraging diversity in the work place √√
2.4) Importance
- Goal of inclusivity is to ensure that the business is fair labour practices√√
- Seeks to redress the inequalities of the past √√
- Try to ensure that businesses are not allowed to exclude anyone √√
- They must ensure that employees are representative of the demographics of the country √√
- Promotes respect for each person and contribution in the workplace √√
- Promotes a happy work environment if everyone is treated equal they will feel like they are being appreciated √√
Conclusion
- For preparations for the examination please study the topic we did today and in your own space and time try and formulate an essay on this topic " Socio-Economic Issues"
- Please learners study the impacts of the list of socio-economic issues .
Watch the following video in preparation of our next lesson
Credits