when demand and supply are allowed to operate freely to form prices.
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Type: Glossary
selling price; the value of the final output at the prices paid for the output by consumers.
Type: Glossary
when a consumer allocates income so that the last rand spent on each product yields the same...
Type: Glossary
the South African government's three-year guideline for the budget
Type: Glossary
goods and services that the state provides to improve social welfare.
Grade 12
Type: Study Card
Merit goods refer to goods and services that the state provides to people even if they cannot...
Type: Glossary
small loans to those who are unable to make loans in the normal banking system.
Type: Glossary
companies that lend small amounts (micro loans) to those who are unable to make loans in the...
Type: Glossary
eight development goals that committed the world leaders to making huge strides to reduce...