Chapter Name: Describe the development and significance of markets
Description:Learners explore the evolution and importance of markets in the economy.
Purpuse:To understand the role and impact of markets on business and society.
Rational:Recognizing market development trends helps businesses align with economic shifts.
Chapters Topics
International trade as a result of uneven distribution of resources is investigated in terms of opportunities for new ventures.
Explore how global trade, driven by varying resource availability, creates opportunities for new ventures in importing/exporting.
Socio-economic factors are identified that underline the importance of new ventures in South Africa.
Identify issues like unemployment, inequality, and urbanisation as reasons for promoting entrepreneurship in South Africa.
Growth sectors that exist in South Africa are identified and classified for possible new ventures.
Identify key growing industries (e.g., tech, green energy, agriculture) and explore their potential for starting new ventures.