PST311L Economic Literacy and Entrepreneurship

1.2.1 Traditional mechanism • South Africa’s economy was traditionally rooted in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions. But recent decades have seen a structural shift in output. Well, a traditional economy is that in which customs, traditions, and beliefs are rich in developing the goods and services for the area. In other words, a traditional economy is one that is built around the way a society lives. The goods and serv...

Assignment 2 (written) for PST311L (Economic Literacy and Entrepreneurship). These notes are useful to help you learn for exams as well as to complete assignments.

When assets are recorded on the balance sheet of a business, they are classified as being either short-term or long-term assets. A short-term asset is expected to be consumed within one year, while long-term assets are to be consumed in more than one year. Some intangible assets are not recorded on the balance sheet, unless they have been purchased or acquired. For example, a taxi license can be recognized as an intangible asset, because it was purchased. In addition, the value of a customer lis...

Comprehensive summary and answers to all past exam questions

I have typed out some of the previous Exam and Assignment questions with their answers.

PST311L- Economic Literacy and Entrepreurship, Assignment 1 marked, Semester 1 2018.

PST311L-Economic Literacy and Entrepreneurship, Assignment 2, Semester 1 2018, marked.

Paper 1 of May/June 2017 for the module PST311L. Question paper and answers included.

Question Paper and Answers (includes page numbers from study guide) for the module PST311L Oct/Nov 2016.