Grade 11 · CAPS

Grade 11 Factors of Production

Economics practice questions and a worked example

Land, labour, capital and entrepreneurship -- and what each one earns in return -- are the starting point for Grade 11 Economics. This topic's real past-paper questions also cover South Africa's efforts to widen access to the economy for groups who have historically been excluded, through empowerment and local economic planning, so the practice here connects the textbook factors of production to real policy.

Worked example

2.1.2 Why is it important for the government to empower marginalised people in the economy?

Answer & explanation

Empowering marginalised people can boost the economy, resulting in faster economic growth.
Empowering marginalised people is crucial because it helps integrate them into the economy. When more people participate actively in the economy, it increases productivity and consumption. This leads to higher economic output and can stimulate economic growth. Additionally, empowering these groups can reduce poverty and inequality, leading to a more stable and prosperous society. By focusing on marginalised communities, the government can ensure that economic benefits are more evenly distributed, which supports sustainable growth.

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Factors of Production

Question 1 of 3

1.1.1 The price paid for the use of natural resources is called ...
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More practice questions

Explore additional Grade 11 Factors of Production questions.

  • 2
    1.3.1 Goods that are used as inputs by other enterprises
  • 3
    1.3.2 Gifts of nature that occur naturally
  • 4
    1.3.6 Citizens between the age of 15 to 64 who are employed or seeking employment
  • 5
    2.1.1 Name any TWO examples of durable goods.

Common mistakes

  • Mixing up land's return (rent) with capital's return (interest) -- capital refers to man-made resources like machinery and buildings, not money itself, so its reward is interest on the finance used to acquire it, not a wage or rent.

More Grade 11 Economics topics

Aligned to CAPS Grade 11 Economics — Factors of Production. Curriculum source: CAPS for the FET Phase, Department of Basic Education.

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