Grade 9 EMS Term 1 Test outline

Grade 9 EMS Test Outline

9K ? 10/03

9S ? 11/ 03

9DC ? 12/ 03

Unit 2: The Economy: Economic Systems

Planned Economy Market economy Mixed Economic System Characteristics of the South African Mixed Economic System The difference between a Closed and an Open economy

Unit 3: The Circular Flow: The economic cycle

The Economic cycle o Main participants in the economy

A. Households / Consumers o Factors of production

B. Businesses o Durable goods o Semi-durable goods o Non-durable goods o Services o Two way stream of the economic cycle

C. Government D. Foreign sector

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