Business Studies: Contemporary socio-economic issues grade 11

https://drive.google.com/file/d/1_IT9I4OjoFXb28Uxo9kzd1oqssMFZNWQ/view?usp=sharing

In todays lesson you are required to complete the following questions.

Question 1: Give the definitions of the terms mentioned in the introduction video.

Question 2: Explain the impact of these socio-economic issues on businesses.

Question 3: Draw an architectural plan of how you would build your own community to prevent the negative impact socio-economic issues has on communities.

Question 4: Give a brief explanation of why you added or removed certain plans to your community.

How to complete your activity

Step 1: Give the definition of the following terms (inequality, poverty, inclusivity, HIV/AIDS, gambling, counterfeiting, bootlegging, strikes, political disturbances and crimes.

Step 2: Explain the impact of all these socio-economic issues (mentioned in step 1) on businesses.

Step 3: Draw an architectural plan of how you would build your own community to prevent the negative impact socio-economic issues has on communities.

Step 4: Give a brief explanation of why you added or removed certain plans to/from your community. 

Also look as the following videos

https://m.youtube.com/watch?v=yZddVF6GRww

https://m.youtube.com/watch?v=TfUentvZPZw

Socio-economic issues can cause challenges for businesses.

These challenges include:

> Businesses may not be well supported by customers because of their limited disposable income.

> Absenteeism of employees affected by HIV/AIDS will result in a decrease in productivity of the business.

> Counterfeiting, bootlegging and crime may lead to loss of profit for businesses.

> Businesses may feel pressurised to offer corporate social responsibility projects in disadvantaged communities 

This in tern could lead to increased business costs and decreased profitability.

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