Date: SEPTEMBER 2025
Time: 1 HOUR
Marks: 85
Grade: 8
Subject: EMS – ECONOMICS
Paper: 2
Name and Surname:
INSTRUCTIONS
• Answer all questions.
• Write your name and surname clearly on the test.
• Use a blue or black pen only.
• For multiple-choice questions, write only the correct letter (A, B, C, or D) next
to the question number.
• Answer questions neatly and legibly.
• Show all workings where calculations are required.
• Write full sentences where explanations are required.
• Read each question carefully before answering.
• The total mark for this paper is 85 marks.
Pg 1/8 www.summariessa.co.za Author: DAN SMI
Grade: 8 Subject: EMS P2 Date: SEPT 2025
, TOPICS COVERED
• Forms of ownership:
o Sole trader
o Partnership
o Private company
o Public company
• Characteristics of each form of ownership:
o Legal requirements
o Continuity of existence
o Liability (limited vs unlimited)
o Number of owners and decision-making
• Advantages and disadvantages of:
o Sole traders
o Partnerships
o Private companies
o Public companies
• Documents and procedures related to business formation:
o Partnership agreement
o Prospectus
o Company constitution (e.g. Memorandum of Incorporation)
• Funding options for small businesses
• Terminology:
o Limited liability
o Continuity
o Legal personality
o Prospectus
o Johannesburg Stock Exchange (JSE)
Pg 2/8 www.summariessa.co.za Author: DAN SMI
Grade: 8 Subject: EMS P2 Date: SEPT 2025
Time: 1 HOUR
Marks: 85
Grade: 8
Subject: EMS – ECONOMICS
Paper: 2
Name and Surname:
INSTRUCTIONS
• Answer all questions.
• Write your name and surname clearly on the test.
• Use a blue or black pen only.
• For multiple-choice questions, write only the correct letter (A, B, C, or D) next
to the question number.
• Answer questions neatly and legibly.
• Show all workings where calculations are required.
• Write full sentences where explanations are required.
• Read each question carefully before answering.
• The total mark for this paper is 85 marks.
Pg 1/8 www.summariessa.co.za Author: DAN SMI
Grade: 8 Subject: EMS P2 Date: SEPT 2025
, TOPICS COVERED
• Forms of ownership:
o Sole trader
o Partnership
o Private company
o Public company
• Characteristics of each form of ownership:
o Legal requirements
o Continuity of existence
o Liability (limited vs unlimited)
o Number of owners and decision-making
• Advantages and disadvantages of:
o Sole traders
o Partnerships
o Private companies
o Public companies
• Documents and procedures related to business formation:
o Partnership agreement
o Prospectus
o Company constitution (e.g. Memorandum of Incorporation)
• Funding options for small businesses
• Terminology:
o Limited liability
o Continuity
o Legal personality
o Prospectus
o Johannesburg Stock Exchange (JSE)
Pg 2/8 www.summariessa.co.za Author: DAN SMI
Grade: 8 Subject: EMS P2 Date: SEPT 2025
