NAME:
SURNAME:
STUDENT NO.
MODULE CODE: OTE2601
ASSIGNMENT UNIQUE NO. 644387
ASSIGNMENT 1
I (full names):
Student number: Module: OTE2601
Declare that…
1. I understand what plagiarism entails and am aware of the University’s policy in this regard.
2. I declare that this assignment is my own, original work. Where I used someone else’s
work, whether a printed source, the internet or any other source, I give the proper
acknowledgement and include a complete reference list.
3. I did not use another current or previous student’s work, submitting it as my own.
4. I did not allow and will not allow anyone to copy my work with the intention of submitting it
as his or her own work.
Signature
Date: 12/07/2021
, QUESTION 1
1.1 When an individual become unemployed their pride and human dignity are affected and
their standard of living drops. Unemployment has an influence on the individual and his or
her family. Society suffers the consequences of unemployment, which include an increase in
crime and then an increase in frustration, which is often expressed in violence. This can
develop into a state of uncertainty and possibly even anarchy. The economy suffers because
unemployment leads to the loss of valuable and potential skills because these skills are not
utilised. The effect of unemployment on stability in society has already had a negative
impact on general confidence, mutual respect, tolerance and peace.
Unemployment has a negative effect on people’s perception of the success of the market
economy. They get the idea that the market cannot solve the unemployment problem and
that it is indeed responsible for the high unemployment problem and that it is indeed
responsible for the high unemployment rate. The macroeconomic consequence of
unemployment is that the country cannot achieve its full potential in the production of goods
and services. The gross domestic product is lower; fewer consumer goods are available;
there is less investment; and the level of prosperity in the country is relatively lower than it
would have been with less unemployment. The microeconomic consequences of
unemployment are also serious. Firstly, the concept “labour” does not refer only to a factor of
production, but also to people “labour” does not refer only to a factor of production, but also
to people. Unemployment means that someone without work and without an income is
dependent on someone else. Secondly, there are other factors of production that are also
underutilised. During periods of unemployment not only are labourers idle, but machinery
and equipment also stand idle. This also affects future production.
1.2 Population growth in South-Africa is among the highest in Africa. It is estimated that by
the year 2010 the country will have 1.6 million more learners at school than any other
developing country of comparable size. South-Africa is rated internationally as a developing
country, but it has the lowest productivity figures in the world. Mechanisation of the economy
is proceeding too rapidly. The reasons for this are: the dramatic wage increases of the last
few years, labour unrest and strikes, and the shortage of skilled workers. A large proportion
of the general population is entering the job market without career qualifications or skills
owing to a serious lack of schooling and training, neglect of career-oriented teaching, and
overemphasis of society’s academic value system. In certain fields of employment society’s
needs have changed or diminished, with the result that the labour pool for certain groups of
careers far exceeds the demand. Career specialisation has increased owing to technological
advancement, which means that many people are able to work only in highly specialised
fields.
Seasonal workers who do not have other training and who are bound to a specific place are
often unemployed after the end of the season. Education figures provided by the 2001
census, showed the following:
In the age group seven to 15 a total of 94% of children were in school.
Children appear to be starting school at a younger age.
The percentage of children with no schooling or incomplete schooling decreased.
29 % of all adults were still illiterate.
The current matriculation pass rate was 68,9 %.
However, there was an improvement in quality. According to Dr Hirschowitz, Statistics
South-Africa’s Deputy Director General for Research and Development, quality was an issue
SURNAME:
STUDENT NO.
MODULE CODE: OTE2601
ASSIGNMENT UNIQUE NO. 644387
ASSIGNMENT 1
I (full names):
Student number: Module: OTE2601
Declare that…
1. I understand what plagiarism entails and am aware of the University’s policy in this regard.
2. I declare that this assignment is my own, original work. Where I used someone else’s
work, whether a printed source, the internet or any other source, I give the proper
acknowledgement and include a complete reference list.
3. I did not use another current or previous student’s work, submitting it as my own.
4. I did not allow and will not allow anyone to copy my work with the intention of submitting it
as his or her own work.
Signature
Date: 12/07/2021
, QUESTION 1
1.1 When an individual become unemployed their pride and human dignity are affected and
their standard of living drops. Unemployment has an influence on the individual and his or
her family. Society suffers the consequences of unemployment, which include an increase in
crime and then an increase in frustration, which is often expressed in violence. This can
develop into a state of uncertainty and possibly even anarchy. The economy suffers because
unemployment leads to the loss of valuable and potential skills because these skills are not
utilised. The effect of unemployment on stability in society has already had a negative
impact on general confidence, mutual respect, tolerance and peace.
Unemployment has a negative effect on people’s perception of the success of the market
economy. They get the idea that the market cannot solve the unemployment problem and
that it is indeed responsible for the high unemployment problem and that it is indeed
responsible for the high unemployment rate. The macroeconomic consequence of
unemployment is that the country cannot achieve its full potential in the production of goods
and services. The gross domestic product is lower; fewer consumer goods are available;
there is less investment; and the level of prosperity in the country is relatively lower than it
would have been with less unemployment. The microeconomic consequences of
unemployment are also serious. Firstly, the concept “labour” does not refer only to a factor of
production, but also to people “labour” does not refer only to a factor of production, but also
to people. Unemployment means that someone without work and without an income is
dependent on someone else. Secondly, there are other factors of production that are also
underutilised. During periods of unemployment not only are labourers idle, but machinery
and equipment also stand idle. This also affects future production.
1.2 Population growth in South-Africa is among the highest in Africa. It is estimated that by
the year 2010 the country will have 1.6 million more learners at school than any other
developing country of comparable size. South-Africa is rated internationally as a developing
country, but it has the lowest productivity figures in the world. Mechanisation of the economy
is proceeding too rapidly. The reasons for this are: the dramatic wage increases of the last
few years, labour unrest and strikes, and the shortage of skilled workers. A large proportion
of the general population is entering the job market without career qualifications or skills
owing to a serious lack of schooling and training, neglect of career-oriented teaching, and
overemphasis of society’s academic value system. In certain fields of employment society’s
needs have changed or diminished, with the result that the labour pool for certain groups of
careers far exceeds the demand. Career specialisation has increased owing to technological
advancement, which means that many people are able to work only in highly specialised
fields.
Seasonal workers who do not have other training and who are bound to a specific place are
often unemployed after the end of the season. Education figures provided by the 2001
census, showed the following:
In the age group seven to 15 a total of 94% of children were in school.
Children appear to be starting school at a younger age.
The percentage of children with no schooling or incomplete schooling decreased.
29 % of all adults were still illiterate.
The current matriculation pass rate was 68,9 %.
However, there was an improvement in quality. According to Dr Hirschowitz, Statistics
South-Africa’s Deputy Director General for Research and Development, quality was an issue
