Socio economic issues

Introduction

The educator will also introduce the topic in the form of role play and practical example of one or two of the socio-economic issues, e.g. crime.

Learners will also participate, in order to express their views about the introduced topic.

Task

BUSINESS STUDIES NOTE

CONTEMPORARY SOCIO ECONOMIC ISSUES

Description of the term crime

 

 

-Poor people cannot fully participate in the economy due to lack of money.

-Lack of income leads to poor nutrition and lower productivity.

-Poverty lead to the depletion of natural resource.

-High poverty levels increases the crime rate.

 

Impact of crime in business in south Africa

 

 

-Crime has negative effect of the business

-It impacts the profitability of a business.

-The business incurs additional costs due to damage of property and loss of equipment.

 

Description of the term violence

 

 

-Violence is extreme physical force exerted on someone else to cause pain.

-Examples of violence include racial violence like xenophobic attacks, violence related to strike looting, damage of property etc.

 

Causes of violence

 

 

-Frustration due to living in poverty

-Unemployment leads to boredom and desperation for money

-Growing up in a home or community where violence is common

-Lack of knowledge and respect

 

Impact of violence on the business

 

 

-Violence has a traumatic effect on people.

-The is reduction in productivity

-Businesses incurs extra cost for counselling

-The business could suffer a decrease in profits because customers may feel unsafe.

 

Meaning of political disturbances

 

 

-Political disturbance is a form of protest individuals showing their displeasure.

 

 

What is gambling

 

-Gambling is a game of chance

-People risk losing their money or possessions, or possibly win money or prize

 

Forms of legal gambling

 

-Licensed casino’s

-Betting on horse racing and other sporting events through a licensed bookmaker

-National lottery

 

Examples of illegal gambling

 

 

-Unlicensed  casino’s

-Pyramid schemes

-Unofficial lottery types

-Money laundering

 

Process

HOMEWORK

 

1.What is the impact of crime in business?

2. what is the Impact of violence on the business?

3.Give 5 causes of violence?

Evaluation

 

Memorandum

 

1.

-Crime has negative effect of the business

-It impacts the profitability of a business.

-The business incurs additional costs due to damage of property and loss of equipment.

 

2.

 -Violence has a traumatic effect on people.

-The is reduction in productivity

-Businesses incurs extra cost for counselling

-The business could suffer a decrease in profits because customers may feel unsafe

 

3.

 -Frustration due to living in poverty

-Unemployment leads to boredom and desperation for money

-Growing up in a home or community where violence is common

-Lack of knowledge and respect

 

Conclusion
  • The teachers will emphasis the main points of the topic.
  • The teacher will then provoke questions, and then give them a class activity.
  • The teacher will then go around marking and help individuals.
  • Learners will ask questions and do the class activity.
  • If they cannot finish during the class time, then they will do it as the homework.

Credits

Study and Master Business studies

Via Africa Business Studiess

Teacher Page

Dear students 

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