All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |
SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: |
Demonstrate an understanding of the principles of supply and demand, and the concept: production |
SAQA US ID | UNIT STANDARD TITLE | |||
13998 | Demonstrate an understanding of the principles of supply and demand, and the concept: production | |||
ORIGINATOR | ||||
Interim SGB for Business, Commerce, Mgmnt Studies | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 03 - Business, Commerce and Management Studies | Generic Management | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
ABET Level 4 | Regular | Level 1 | NQF Level 01 | 2 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Passed the End Date - Status was "Reregistered" |
2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2026-06-30 | 2029-06-30 |
In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise. |
This unit standard does not replace any other unit standard and is not replaced by any other unit standard. |
PURPOSE OF THE UNIT STANDARD |
A candidate credited with this general competence will be able to: demonstrate an understanding of production, and its impact on the South African economy. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
ABET Level 3. |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Demonstrate an understanding of the principles of supply and demand. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The concept of supply and demand of goods and services is identified and discussed. |
ASSESSMENT CRITERION 2 |
2. Factors impacting on supply and demand are outlined. |
ASSESSMENT CRITERION RANGE |
Seasons ; Consumer behaviour, cost of production, etc. |
ASSESSMENT CRITERION 3 |
3. The link between price and supply and demand is explained. |
ASSESSMENT CRITERION RANGE |
Seasons ; Consumer behaviour, cost of production, etc. |
ASSESSMENT CRITERION 4 |
4. An understanding of price determination is demonstrated. |
ASSESSMENT CRITERION RANGE |
Production cost, overheads, marketing expenses, etc. |
SPECIFIC OUTCOME 2 |
Demonstrate an understanding of the factors of production. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The concept production is explained. |
ASSESSMENT CRITERION 2 |
2. Factors of production are discussed. |
ASSESSMENT CRITERION RANGE |
Land, Labour, Capital, Entrepreneurship |
ASSESSMENT CRITERION 3 |
3. An understanding of the factors of production is demonstrated practically. |
ASSESSMENT CRITERION RANGE |
Case study, etc. |
ASSESSMENT CRITERION 4 |
4. The importance of production is discussed. |
ASSESSMENT CRITERION RANGE |
Satisfy needs, create wealth, to be self sufficient |
ASSESSMENT CRITERION 5 |
5. The role of technology in production is debated. |
ASSESSMENT CRITERION RANGE |
Positive: mass production, cost effective etc. Negative: leads to unemployment, health hazards etc. |
SPECIFIC OUTCOME 3 |
Demonstrate an understanding of the impact of the factors of production on the South African Economy |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The impact of labour on the South African Economy is discussed. |
ASSESSMENT CRITERION RANGE |
Ratio of skilled to unskilled labour, rising unemployment, migrant labour, labour demands, living wages, etc. |
ASSESSMENT CRITERION 2 |
2. The factors underlying the scarcity of land are explored. |
ASSESSMENT CRITERION RANGE |
Imbalances in land ownership, geographical factors, etc. |
ASSESSMENT CRITERION 3 |
3. The flow of capital in the South African Economy is investigated. |
ASSESSMENT CRITERION RANGE |
Investment flow, exchange rates, role of Reserve Bank, etc. |
ASSESSMENT CRITERION 4 |
4. The impact of entrepreneurial skills on the South African Economy is debated. |
ASSESSMENT CRITERION RANGE |
Positive: Improvement of SA Economy, creation of wealth ; etc. Negative: Unemployment, Lack of skills, etc. |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
Exchange rates
Price determination Remuneration for each factor of production. |
UNIT STANDARD DEVELOPMENTAL OUTCOME |
1. Reflecting on and exploring a variety of strategies to learn more effectively;
2. Participating as responsible citizens in the life of local, national and global communities; 3. Being culturally and aesthetically sensitive across a range of social contexts; 4. Exploring education and career opportunities; and 5. Developing entrepreneurial opportunities. |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. |
UNIT STANDARD CCFO WORKING |
Work effectively with others as a member of a team, group, organisation and community. |
UNIT STANDARD CCFO ORGANISING |
Organise and manage oneself and one`s activities responsibly and effectively. |
UNIT STANDARD CCFO COLLECTING |
Collect, analyse, organise and critically evaluate information. |
UNIT STANDARD CCFO COMMUNICATING |
Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. |
UNIT STANDARD CCFO SCIENCE |
Use science and technology effectively and critically, showing responsibility towards the environments and health of others. |
UNIT STANDARD CCFO DEMONSTRATING |
Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Core | 24153 | General Education and Training Certificate: Adult Basic Education and Training | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2008-09-13 | Was ETDP SETA until Last Date for Achievement |
Core | 50584 | General Education and Training Certificate: Clothing Manufacturing Processes | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | FPMSETA |
Core | 50225 | General Education and Training Certificate: General Forestry | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | FPMSETA |
Core | 65969 | General Education and Training Certificate: Human Settlements Development | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | CETA |
Core | 49082 | GETC: Wood Products Processing | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | FPMSETA |
Core | 23253 | National Certificate (GETC): Manufacturing, Engineering and Related Activities | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Core | 20287 | National Certificate: Farming | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | AgriSETA |
Core | 24198 | National Certificate: Construction Material Manufacturing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | CETA |
Core | 20893 | National Certificate: Human Resources Management and Practices Support | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2005-02-13 | Was SABPP until Last Date for Achievement |
Core | 21728 | National Certificate: Labour Recruitment Consultancy | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2004-06-12 | SERVICES |
Elective | 48642 | General Education and Training Certificate Housing: Housing Consumer Education | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2009-05-13 | Was CETA until Last Date for Achievement |
Elective | 71751 | General Education and Training Certificate: Adult Basic Education and Training | Level 1 | NQF Level 01 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 73249 | General Education and Training Certificate: Adult Basic Education and Training: Academic Curriculum | Level 1 | NQF Level 01 | Reregistered | 2028-06-30 | UMALUSI |
Elective | 20183 | National Certificate: Banking | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | BANKSETA |
Elective | 20654 | National Certificate: Craft Bread and Flour Confectionery Baking | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2006-04-20 | Was FOODBEV until Last Date for Achievement |
Elective | 20288 | National Certificate: Farming | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | AgriSETA |
Elective | 20657 | National Certificate: Food and Beverage Processing: Plant Baking Processing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2009-02-18 | Was FOODBEV until Last Date for Achievement |
Elective | 64029 | National Certificate: Food Processing: Plant Baking | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | FOODBEV |
Elective | 20214 | National Certificate: Food and Beverage Processing: Dairy Primary Processing | Level 3 | NQF Level 03 | Passed the End Date - Status was "Registered" |
2004-12-05 | Was FOODBEV until Last Date for Achievement |
PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: |
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here. |
1. | 1 Classie Africa |
2. | African Apex Apparel (Pty) Ltd |
3. | Arden School of Management (Pty) Ltd |
4. | Balemi Consulting Pty Ltd |
5. | Breakeven 59(PTY) Ltd |
6. | College of Cape Town - Athlone Campus |
7. | Cre8tion Projects 6 PTY LTD |
8. | Cumlaude Institute (PTY) Ltd |
9. | Dlamini The Siba PTY LTD |
10. | EKURHULENI ARTISANS & SKILLS TRAINING CENTRE PTY LTD |
11. | Esayidi FET College - Central Office |
12. | FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE |
13. | Furniture World Training Centre |
14. | Greenrim Training |
15. | HLUVUKA TRAINING AND CONSULTING |
16. | Hot To Go Training College and Services |
17. | Imara Umbono Incorporated (Pty) Ltd |
18. | In House Media Instruction |
19. | Inter-Coastal Business & Property Services cc |
20. | Kelmik Training Centre (Pty) Ltd |
21. | Knoop Academy NPC |
22. | Legal Environment Safety & Health Requirements cc |
23. | Leronsa Trading Enterprise |
24. | MALKAI DEVRANI HOLDINGS PTY LTD |
25. | Mananthatshema Skills Dev. Centre |
26. | Mbimbini Training and Community Development |
27. | Mnambithi TVET College |
28. | Modiehi Consulting & Projects (Pty) Ltd |
29. | Nedbank Ltd |
30. | New Heights 1082 Pty Ltd |
31. | Northlink College |
32. | Nurture-Nature Resources (Pty) Ltd |
33. | Phambile Skills Training (Pty) Ltd |
34. | Premier Agric (Pty) Ltd |
35. | Professional Development and Training Institute (Pty) Ltd |
36. | Redefined Skills Training & Development (Pty) Ltd |
37. | SEOPOSENGOE TRAINING CONSULTANCY CC |
38. | Setlakala Business Development |
39. | Siyasanga Training Centre |
40. | South African Forestry Training College |
41. | South Cape Public FET College - George Campus |
42. | South West Gauteng Tvet College |
43. | STUDIO 05 HOUSE OF FASHION |
44. | Taletso FET College - Central Office |
45. | Tebkhan Investments (Pty) Ltd |
46. | Tembe Service Providers |
47. | The Brokers Learning Centre |
48. | The Skills Development Hub (Pty) Ltd |
49. | TIRHANI SKILLSTRAINING PTY LTD |
50. | Trade Call Investments Apparel (Pty) LTD |
51. | Trade Call Investments Apparel (Pty) Ltd (Mobeni) |
52. | U AND G TRAINING (PTY) LTD |
53. | VELA VEZI |
54. | Vijay Bhagwan Consultancy and Solutions cc |
55. | VINE APPAREL (PTY)LTD |
56. | VPK BUSINESS VENTURE C C |
57. | Yangantle Trading |
All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |