Introduction
Good morning students today we are starting a new topic called Socio Economic Issues. Please watch the video to get an insight of what we will be talking about.
Task
Due Date 30 August
Task 4
Total 19
Answer all the questions.
1.Define the term go-slow. (2)
2.List 3 socio economic issues. (3)
3.What impact do the above socio economic issues have on businesses. (12)
4.Explain inclusivity. (4)
Process
Term 3
Please watch the following video which will explain our topic in depth and so that you will get to know what exactly are the socio economic issues and do they affect businesses.
All the issues listed above have a negative impact on business but there’s is way in which business can fight them. Let’s again look at notes below which has the impacts and recommended solutions.
INEQUALITY AND POVERTY
Poverty affects consumer spending because poor people do not have the ability to buy goods. If people cannot spend money businesses cannot grow. Current way of thinking and media attention on poverty gives rise to the expectation that businesses should invest in poor communities but that put extra pressure on businesses.
HIV/AIDS-This decrease leads to a decrease in the productivity of affected employees.Trained and experienced workers die of this disease before they grow old and increase staff turnover in the business. There is a decrease in demand because consumers are getting less. There may be bias in the workplace against workers affected by Hiv/AIDS.
Evaluation
Question 1- 2marks
2- 3marks
3-12
4- 4marks
Conclusion
As stated above the task is not too long it is just a small task to get you started on this topic as it will require essay writing.Listen to the video it will help to develop your essay.
Credits
Teacher Page
Sandisiwe Phaca
student number 219035172