Grade 11 Economics Summaries Term 1-4 (Micro + Macro-economics) – Noted Summaries

Grade 11 Economics Term 1 – 4 Summaries are composed using and combining the FOCUS, Via Afrika and Mind the Gap textbooks’ work with examples and supplementary notes by compiler (external party).

Contents:

• Basic Economic consents & principles
• SOCIO – Economics services
• Basic Processes
• Factors of production [Productive resources]
• Economic Sectors
• SA – Infrastructure
• Economic circular Flow
• Elasticity
• Markets
• Demand Curve
• Supply Curve
• Complementary Goods
• Supplementary Goods
• Absolute Pricing
• Relative Pricing
• Market Equilibrium [Market-clearing]
• Goals of enterprises [Cost Concepts]
• Income calculations
• Maximization of Profit
• Wealth [Economic Growth]
• Economic Development
• Indigenous Knowledge System [IKS]
• Poverty
• Money / Monetary Sector
• Microlending Activities
• Compassion:  Economic Indicators
• Compassion: Social indicators
• Globalisation
• Environmental degradation (Decay)