EMS

• Traditional Societies


  When people had no money, people were self-sufficient. They grew food and crops, and most basic needs were reached.
• Bartering

  The process of buying, selling or trading goods
• Promissory

  A note promissing to pay someone back the money you owe.
• Coins

  Small pieces of round printed metal thast came around 700 BCE. Coins are a paying method
• Paper Money

  People were tired of carrying heavy loads of coins so they invented paper notes. this is also a form of payment.
• Electronic banking


  a payment method used with a device.
• Crypto_currency Bitcoin etc...


  The price of a bitcoin can vary, one day it can cost R1 million and the next day it can be R20, (bit like gambling)
• A need and a Want


  A need is something you can't survive without a want is something you can live without.
• Malsoes heirarchy of needs.

  1. Self-actualization= desire to become the most one can be
  2. Esteem= respect, self esteem, status, strength, freedom
  3. Love & belonging=friendship,intimacy,family,sense of connection
  4. safety needs=personal security, employment, resources, health
  5. physiological needs: Air, water, shelter, clothes
• SA mint


  Full name=South African Mint Company

  Physically situated=Centurian Gauteng + SA

  different coins produced= R5, R2, R1, 10c, 20c, 50c

  Can be identified=touch and different size

  Does Sa mint produce coins for other countries= yes
• Legal tender


  any form of payment
• Security features of money


  Red Indians - raising ink

  Steal sausages - security strip

  Hang noodles - hidden number

  And oompaloompas - animal outline

  WHEN - when you put two together, forms picture

  Maidens - microprinting

  Would - watermark

  Call in - colour changing ink
• Factors of production) EXPLIATION PAYMENT


  C - capital ~ building, tools, vehicles, machinery : interest

  E - entrepreneurship ~ ideas to start a business : profit

  L - land & natural recources ~ gifted by nature : rent

  L - labour ~ peoples skills and ability : salarie and wages
• Participants in economy 


  producers: create goods and services

  consumers: buys goods and services

  
  

  households: main particepents in ecenomic process~ own all production factors - sell them

  
  

  businesses: buy factors of production (land, labour) to sell goods & services to households to safety needs- want to make a profit

  
  

  government: collects tax from households & businesses to use for satisfying communal services (water, education, healthcare)
• Participants in economy


  foreign sector: goods & services imported & exported in an open economy/household

  flow of money: how money moves with our economy

  Market: g & s sold & bouht by econimic cycle participants

  economic cycle: 2 way money flow
• SWOT analysis


  S~ specific- must be defined

  M~ measurable- must be measurable

  A~ achievable- achievable

  R~ realistic- goals should

  T~ time bound- realistic time frame

  E~ ethical- don't break low

  R~ recordable- goals must be recorded
• Strengths and weaknesses for my own businesses

  Strengths Weaknesses

  A good website competition

  Good advertisement product not being well known

  well-priced item lack of advertisement

  good quality for my item limited business expierience

  friends say they will buy it
• Oppertunaties and threats for my business


  Oppertunities Threats

  I could employ people weather

  give people discounts same business ideas

  Improve my website any sickness

  expand business by getting where you're sitting

  samsung/android phone cases you're website might malfunction
• Business plan


  loan amount: R800

  Rands per item: R28

  selling price: R40

  mark up: 43%

  breaking even: 20 sales(800/40=20