Exam (elaborations)
ECS3705 Assignment 2 Semester 2 2024
- Institution
- University Of South Africa
ECS3705 Assignment 2 Semester 2 2024
[Show more]
Content preview
ECS3705 Assignment 2Semester 2 2024
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, ECS3705 Assignment 2 Semester 2 2024
“Kenya keen on fourth industrial revolution” Read the following article and
then answer the questions that follow. The government has identified
specific goals and targets to steer growth as the country strives to catch up
with the fourth industrial revolution. The fourth industrial revolution is the
ongoing automation of traditional manufacturing and industrial practices,
using modern smart technology. Among government targets is the
development of the iron and steel industry through the establishment of an
integrated steel mill. Source: The Star Access date: 29 August 2024 For full
article visit website:
Question 1
After reading the extract, identify and explain any five mercantilist principles
that are implied in the article. Make sure your answer is based on
information in the case study. (25 marks)
To answer the question regarding the mercantilist principles implied in the
article about Kenya's pursuit of the fourth industrial revolution, you can
identify and explain the following five principles:
1. Government Intervention in the Economy: Mercantilism
emphasizes the role of the government in regulating the economy to
enhance national wealth. The article mentions that the Kenyan
government has identified specific goals and targets for growth,
indicating a proactive role in guiding economic development,
particularly in the iron and steel industry.
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 brighttutor10. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R44,36. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now