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EMS is about various governmental, economic, and business-related topics. The year begins with a revision of topics from grade 7 such as traditional societies, bartering, types of money, and banking. We then dive into the roles and levels of government and government expenditure, tax, accounting, as well as the impact of development on the environment, unemployment, and productive use of resources.
Students are provided with a foundational understanding of how to maximise profits through the effective management of resources. The ways in which private, public or collective resources are used to meet people’s needs and wants and how they can be exploited, are also critically reflected on. Expand your financial literacy, entrepreneurial skills, personal development, and development of the community through core business and governmental management principles.
Business partnerships are seen as an extension of a sole proprietor. It may happen when the sole trader wants to expand his business but needs additional capital. This lesson looks at the disadvantages and advantages of partnerships.
A Close Cooperation is a business owned by one to ten members. This form of ownership has to be legally registered with the government. This lesson looks at the advantages and disadvantages of this form of ownership.
Forms of ownership - Sustainable job creation and use of natural resources
We focus on the role that forms of ownership have in relation to job creation and the use of natural resources. We look at ways in which companies depending on size can provide skilled and unskilled labour and how an organisation affects the way natural resources are used.