SAQA

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.	African Apex Apparel (Pty) Ltd
2.	Balemi Consulting Pty Ltd
3.	Cre8tion Projects 6 PTY LTD
4.	Cumlaude Institute (PTY) Ltd
5.	Dlamini The Siba PTY LTD
6.	EKURHULENI ARTISANS & SKILLS TRAINING CENTRE PTY LTD
7.	Esayidi FET College - Central Office
8.	HLUVUKA TRAINING AND CONSULTING
9.	Hot To Go Training College and Services
10.	In House Media Instruction
11.	Inter-Coastal Business & Property Services cc
12.	Kelmik Training Centre (Pty) Ltd
13.	MALKAI DEVRANI HOLDINGS PTY LTD
14.	Mananthatshema Skills Dev. Centre
15.	Mbimbini Training and Community Development
16.	Modiehi Consulting & Projects (Pty) Ltd
17.	Nedbank Ltd
18.	New Heights 1082 Pty Ltd
19.	Premier Agric (Pty) Ltd
20.	Redefined Skills Training & Development (Pty) Ltd
21.	Setlakala Business Development
22.	Siyasanga Training Centre
23.	South African Forestry Training College
24.	Taletso FET College - Central Office
25.	Tebkhan Investments (Pty) Ltd
26.	The Brokers Learning Centre
27.	The Skills Development Hub (Pty) Ltd
28.	TIRHANI SKILLSTRAINING PTY LTD
29.	U AND G TRAINING (PTY) LTD
30.	VELA VEZI
31.	VINE APPAREL (PTY)LTD
32.	Yangantle Trading