Sample
Summaries after sample
, Definition of production
Meaning of economic
• Using resources to make goods or provide growth
services.
• Outputs meet the needs and wants of people. • Increase in a country’s production of goods and
services.
• Measured as growth in GDP.
• Depends on jobs, skills, health, and reduced
poverty.
Sample
•
•
Inputs and outputs
Inputs: labour, raw materials, capital, and
entrepreneurship.
Outputs: finished goods and services.
Topic 15: The
production
process
• One industry’s output can be another
Summaries after sample
industry’s input.
Sustainable use of
resources
Meaning of productivity
• Resources are limited; must be used carefully.
• Non-renewable resources like oil cannot be • Efficiency in producing goods and services.
replaced. • Producing more in less time with the same
• Renewable resources like timber must be resources.
managed to last.
GR7 T4 EMS Mind Map Study&Master Copyright © www.summariessa.co.za (DO NOT COPY)
, Sample
Summaries after sample
Summaries after sample
, Definition of production
Meaning of economic
• Using resources to make goods or provide growth
services.
• Outputs meet the needs and wants of people. • Increase in a country’s production of goods and
services.
• Measured as growth in GDP.
• Depends on jobs, skills, health, and reduced
poverty.
Sample
•
•
Inputs and outputs
Inputs: labour, raw materials, capital, and
entrepreneurship.
Outputs: finished goods and services.
Topic 15: The
production
process
• One industry’s output can be another
Summaries after sample
industry’s input.
Sustainable use of
resources
Meaning of productivity
• Resources are limited; must be used carefully.
• Non-renewable resources like oil cannot be • Efficiency in producing goods and services.
replaced. • Producing more in less time with the same
• Renewable resources like timber must be resources.
managed to last.
GR7 T4 EMS Mind Map Study&Master Copyright © www.summariessa.co.za (DO NOT COPY)
, Sample
Summaries after sample
