Exam (elaborations)
OTE2601 Assignment 1 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED
- Institution
- University Of South Africa
OTE2601 Assignment 1 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
OTE2601Assignment 1
(DETAILED
ANSWERS) 2024 -
DISTINCTION
GUARANTEED -
DISTINCTION
ADMIN
[COMPANY NAME]
, OTE2601 Assignment 1 (DETAILED ANSWERS) 2024 - DISTINCTION
GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines,
workings and references.....
QUESTION 1 In 2020, the world was devastated and ravaged by the
unprecedented Corona Virus (Covid-19) pandemic. Most businesses closed-
down; which resulted in serious loss of jobs to certain employees whilst some
business put employees on contract or retrenched them. While conducting an
oversight visit in Port Elizabeth on Thursday, honourable President Cyril
Matamela Ramaphosa; noted that while the lockdown had managed to flatten
the virus’ curve, the focus, going forward, needed to be on restarting the
economy which had suffered greatly under the Disaster Management Act’s
restrictive regulations. President Ramaphosa’s engagement with NEDLAC on
Friday signified the start of a gradual easing process which was expected to
culminate in a district-based move to Level 3 lockdown before the end of May.
Health Minister Zweli Mkhize had, however, warned that regions which were
unable to prove their medical readiness amid burgeoning caseloads would
likely remain exempt from lower-level reprieves. Prior to that; the rate of
unemployment was sky rocketing in South Africa. Study the figure below. 1.1.
In your opinion, what would you consider to be the results of unemployment in
any country (15) 1.2 Causes of unemployment (15) 1.3 Solutions to
unemployment (15) 1.4 The role of Trade Unions in the economy of a country
(15) [60]
1.1 Results of unemployment in any country:
Unemployment in any country can have far-reaching consequences, impacting both individuals
and the broader economy. Some of the key results of unemployment include:
1. Economic downturn: Unemployment leads to a decrease in consumer spending, which can
further depress economic growth and exacerbate recessionary trends.
2. Poverty and inequality: Unemployment often results in financial instability, leading to poverty
for affected individuals and families. This can widen the gap between the rich and the poor,
increasing socioeconomic inequality.
3. Social unrest: High levels of unemployment can contribute to social unrest, as frustrated
individuals may engage in protests, crime, or civil disobedience in response to their economic
hardships.
4. Mental and physical health issues: Unemployment is associated with increased stress, anxiety,
depression, and other mental health problems. It can also lead to poorer physical health outcomes
due to reduced access to healthcare and increased risk factors associated with poverty.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MasterVincent. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R48,10. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50843 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now