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Summary Grade 8 Economics Summaries - Term 1 (Study & Master)

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Grade 8 EMS (Economics) Summaries Term 1 (Study & Master): These summaries are compiled using the Study & Master textbook's Term 1 content on Economics. The summaries are in English, with additional notes provided by the compiler. The Economy Topic 2:  Government Topic 3:  The National Budget Topic 4:  Standard of living Packages usually include the following, though content may vary by product: Overview for the term, including main points, keywords, and short summaries/revision. Mind map per chapter/topic/term, depending on volume. Extensive bulleted summaries in colour with pictures and/or photos.

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, Productive use of resources to
promote a healthy environment Lifestyles
• Resources must be used productively and • The way a person lives, spends money, uses
efficiently to increase standard of living and goods and services, dresses, worships and
protect the environment. expresses their culture.




Self-sufficient societies
Unemployment
T4: Standard of • Self-sufficient – meet most of their needs



Sample
No income is made – can’t access goods and
themself through their environment.
services. living
• Unemployed people have inadequate housing
and can’t afford healthcare /education.
• Causes a drop in standard of living.
Modern societies

Summaries after sample
Impact of development on



Industrialised societies that use science and
reason to explain things.
People rely on businesses to meet their needs.


the environment Rural societies
• Habitats are destroyed when land is cleared • Few people and the main economic
– biodiversity decreases. activities are in the primary sector.
• Factories pollute. • Standard of living is low.
• Increased population causes pressure on
resources.
• Continuous crop farming damages the soil.




GR8 EMS T1 Mind map Study & Master Copyright © www.summariessa.co.za (DO NOT COPY)

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