Grade 7 EMS Term 4 Summary + Test
About this resource
Make Term 4 revision easier with this comprehensive Grade 7 Economic & Management Sciences (EMS) Summary & Practice Workbook. It includes clear, learner-friendly notes, key terminology, revision activities, exam-style questions and a full memorandum to help learners prepare confidently for tests and exams.
What it covers:
The Production Process
- The three stages of production: primary, secondary and tertiary
- Inputs and outputs of production
- The four factors of production
- Goods and services
- Sustainable use of resources
- Renewable and non-renewable resources
- Economic growth
- Productivity and ways to improve productivity
- The effect of productivity on economic growth
- Technology in production
- Advantages and disadvantages of technology
- Technology’s contribution to productivity and economic growth
Savings & Financial Literacy
- Personal savings and investing
- Reasons for saving
- The economic importance of saving
- Banks and how they make a profit
- Services offered by banks
- Opening a savings account
- Community savings schemes and stokvels
- Advantages and disadvantages of stokvels
- Financial institutions, insurance and pension funds
- Organisations that promote entrepreneurship
Also included:
- Term 3 entrepreneurship revision
- Key words and definitions
- Quick revision notes
- Practice activities
- A full 100-mark practice exam
- Complete memorandum with answers
- Perfect for exam preparation, revision, homeschooling or extra practice at home.
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