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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