A factor cost is a cost of production excluding taxes on production and...
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Grade 12
Type: Study Card
Grade 12
Type: Study Card
A Laffer curve shows the relationship between tax rates and the tax revenue...
Grade 12
Type: Study Card
A monopolist is a producer that has exclusive control of the market supply of a...
Grade 12
Type: Study Card
A monopoly is a market structure in which a product that cannot be substituted...
Grade 12
Type: Study Card
A perfect market functions under ideal conditions, with price determined by...
Type: Glossary
in trade when a country can produce a good at a lower cost (using fewer resources) than any...
Type: Glossary
the minimum income that is needed to fulfil the basic needs.
Type: Glossary
the price a consumer pays for the goods and services in rands and cents.
Type: Glossary
all the measures taken by businesses to ensure that people from formerly disadvantaged groups...