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The Economy Gr 8 IEB
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terminology and definition
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THE ECONOMYAn economy is made up of all economic activities that have to do with the
production, distribution and consumption of goods and services used to
meet/satisfy the needs and wants of consumers.
✓ Draw a topographical/geographical map of South Africa ( rough sketch).
✓ Indicate where mining, manufacturing agricultural activities etc are located
within SA.
(i) production: Manufacturing, construction, mining,
Fishing, agriculture etc
(ii) distribution : transportation, air freight, shipping,
haulage-delivery services etc
(iii) consumption : the activities involving the buying
and selling of goods and services
(retail shops, restaurants, law firms,
health services, wholesalers etc
Therefore for the economic activities to succeed, good well-planned and maintained
infrastructure (roads, airports, ports, railway lines etc ) must be in place.
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